Answered
Which of the following is true regarding when, and if, the note was initially dishonored?
A) The note has never been dishonored because Floyd's right to receive payment on the note from someone is acknowledged.
B) Hema initially dishonored the instrument when she asked for proper identification.
C) Hema initially dishonored the instrument when she refused to pay it on the basis that she lacked funds with which to do so.
D) The note was not dishonored until Anne told Floyd that he would have to seek recovery from Rahul.
E) The note was considered initially dishonored 30 days after Floyd started seeking Rahul, but was unable to find him.
On Sep 23, 2024