Which of the Following Is True If an Instrument Contains

Multiple Choice

Which of the following is true if an instrument contains more than one endorsement?

A) Each endorser is liable for the full amount to any subsequent endorser or to any holder.
B) Only the last endorser is liable to the holder,and no prior endorsers are liable to a subsequent endorser.
C) Each endorser is liable for the full amount to the subsequent endorser,but only the last endorser is liable to any holder.
D) The last endorser is liable to the holder,whereas subsequent endorsers are responsible for reimbursing previous endorsers in proportion to the number of endorsers that exist.
E) Each endorser is liable to the holder in proportion to the number of endorsers.