Jan Arthur Writes a $200 Check to Bruce Nole Who

question 22

Multiple Choice

Jan Arthur writes a $200 check to Bruce Nole who indorses it "Bruce Nole." Bruce gives the check to Anne Tate who indorses it "Without Recourse. Anne Tate." Anne sends the check to Joe Black, MD to pay her medical bill. If the bank refuses to honor the check, Black:

• A) can collect only from Jan Arthur.
• B) can collect only from Jan Arthur or Bruce Nole.
• C) can collect from the drawer or any indorser whose name appears on the check.
• D) has no other recourse.

---

Definitions:

Governmental Regulations

Laws and rules established by governments to regulate behaviors, activities, and standards in various industries and society at large.

Supply Chain Sustainability

The management of environmental, social, and economic impacts within the supply chain, focusing on long-term viability and ethics.

Legal Obligations

Responsibilities or duties enforced by law that an entity or individual must follow.

Stakeholders

Individuals or groups with an interest or concern in the success and operations of a business, including employees, customers, investors, and suppliers.