Fact Pattern 27-1 Chuck Is the Maker of a $200,000 Promissory Note Payable

question 17

Multiple Choice

Fact Pattern 27-1
Chuck is the maker of a $200,000 promissory note payable to Investors Corporation. Investors indorses the note to Equity Lenders, which in turn indorses it to Select Holdings LLC, which then indorses it to Global Bank, the present holder.
-Refer to Fact Pattern 27-1. Global Bank properly presents the note to Chuck for payment, but he dishonors it. With timely notice to the proper parties, Global Bank may collect payment on the note from​

• A) ​Investors, Equity Lenders, or Select Holdings.
• B) ​Investors or Equity Lenders only.
• C) ​Select Holdings only.
• D) ​no one.

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back and transmits neural signals between the brain and the rest of the body.

Cross-Sectional View

Provides a view of an object as if it were sliced perpendicularly to show its internal structure.

White Matter

Brain and spinal cord tissue consisting mainly of myelinated nerve fibers that transmit signals.

Gray Matter

Regions of the brain and spinal cord that are primarily made up of neuronal cell bodies, dendrites, and unmyelinated axons, involved in muscle control and sensory perception.