Solved

Jessie Is the Maker of a $1,000 Promissory Note in Favor

Question 30

Multiple Choice

Jessie is the maker of a $1,000 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 the note is dishonored by Jessie after it is properly presented to her for payment by Liz,then Liz,after giving timely notice to Tyler,Ryan,and Breanna,may collect payment under signature liability from


A) Tyler only.
B) Breanna and Tyler only.
C) either Tyler,Ryan,or Breanna.
D) neither Tyler,Ryan,nor Breanna.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions