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 only collect from Jan Arthur.
B) can only collect from Jan Arthur or Bruce Nole.
C) can collect from the drawer or any indorser whose name appears on the check.
D) has no recourse.
Correct Answer:
Verified
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