Question

Dandy Furniture Store borrows $100,000 at 6 percent interest from Easy Loan Company and signs a promissory note for that amount. Easy changes the amount of the note to $120,000 and increases the rate to 8 percent. Easy materially altered the note when it changed
a. neither the amount nor the interest rate
b. the amount and the interest rate.
c. the amount only.
d. the interest rate only.

Answer

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