Multiple Choice
Fact Pattern 26-1B
Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then in?dorses it to Nat, the present holder.
-Refer to Fact Pattern 26-1B. Nat properly pre?sents the note to Jake for pay?ment, but Jake dishonors it. With timely notice to the proper parties, Nat may collect payment on the note from
A) Kim, Lou, or Mona.
B) Kim or Lou only.
C) Mona only.
D) no one.
Correct Answer:
Verified
Correct Answer:
Verified
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