Fact Pattern 17-1 Chuck Is the Maker of a $200,000 Promissory Note Payable

question 2

Multiple Choice

Fact Pattern 17-1
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 17-1.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:

Address Block

A part of a document, particularly in mail merge operations, that is formatted to contain the recipient's address information.

Merge Field

A place holder in a document that gets replaced with actual data when the document is merged with a database.

Envelope Options

Settings and features in word processing or printing software dedicated to formatting and printing envelopes.

Mail Merge

A software function that automatically generates a set of documents by combining a standard template with data from a database or list, often used for mass mailings.