Question: A certified check for $ 16 payable to Sam Goody was altered (after it had been certified) to $ 1,600. The check was then used

A certified check for $ 16 payable to Sam Goody was altered (after it had been certified) to $ 1,600. The check was then used to pay for merchandise that had been ordered from Goody costing $ 1,600. The drawee bank refused to honor the check because of the alteration. Is the bank liable to Goody for the $ 1,600?

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No the bank is not liable When a bank certifies a check it guarantees to pay the check ac... View full answer

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