Which of the Following Is True Regarding Floyd's Entitlement to Payment

Multiple Choice

Which of the following is true regarding Floyd's entitlement to payment from Hema?

A) Floyd is only entitled to payment from Hema because Anne dishonored the payment.
B) Floyd is never entitled payment from Hema because he must seek recovery only from Anne.
C) Floyd is not entitled to payment from Hema unless Rahul,in addition to Anne,dishonors the instrument.
D) Floyd is entitled to recover on the note from Hema only if both Anne and Rahul have filed bankruptcy or are otherwise proven insolvent.
E) Floyd is entitled to recover on the note from Hema.