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10 November, 16:48

Dru signs a check payable to Excel Services, Inc., and gives it to Excel, leaving the amount blank but authorizing Excel to fill it in for $1,000. Excel fills in $1,500 and negotiates the check to Friendly Credit Corporation, an HDC. Friendly Credit can enforce the check forA. $0. B. $500. C. $1,000. D. $1,500.

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  1. 10 November, 17:41
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    C. $1,000

    Explanation:

    Data provided in the question

    Amount authorized to fill it = $1,000

    But Excel fills in $1,500

    So by considering the above information, the friendly credit can enforce the check for $1,000 as it is authorized the excel to fill it for $1,000 not for $1,500 so the same can be enforced by the Friendly credit

    Hence, the correct option is C.
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