A’s son has fraudulently signed B’s name on a promissory note. Under the threat of legal action against A’s son, B obtains a bond from A for the amount stated in the forged note. If B initiates a lawsuit based on this bond, what is the likely outcome?
Explanation
Since the bond was obtained through coercion related to a forgery, the court may choose to invalidate the bond. Therefore, while the court might accept the suit, it also has the power to set aside the bond due to the fraudulent circumstances.