Fact Pattern 24-1 (Questions 27-28 Apply)

question 53

Multiple Choice

Fact Pattern 24-1 (Questions 27-28 apply)
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 24-1.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.

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