Which of the Following Statements Is TRUE with Respect to Notice

Multiple Choice

Which of the following statements is TRUE with respect to notice of dishonour?

A) Notice of dishonour only needs to be provided against a party that did not endorse an instrument.
B) In some circumstances, an endorser may be held liable even if it did not actually receive notice of dishonour following the dishonour of a cheque.
C) Notice of dishonour is significant mainly because it relieves the drawee of a cheque of liability.
D) Once notice of dishonour is given to one endorser, it is automatically effective against all prior endorsers.
E) To be effective, notice of dishonour normally can be provided any time within six months of dishonour.