Multiple Choice
Jessie is the maker of a $1000 promissory note in favor of Tyler.Tyler subsequently indorses the note to Ryan by signing just his name.Ryan in turn indorses it to Breanna by indorsing the back of the note,"Without recourse,Ryan." Breanna then indorses it to Liz,the present holder,with a special indorsement.
If Liz collects payment from Tyler,then Tyler can demand payment from:
A) Ryan and Breanna.
B) Ryan only.
C) Jessie only.
D) Breanna only.
Correct Answer:
Verified
Correct Answer:
Verified
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