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Which of the Following Is True Regarding When,and If,the Note

Question 44

Multiple Choice

Which of the following is true regarding when,and if,the note was initially dishonored?


A) The note has never been dishonored because Henry's right to receive payment on the note from someone is acknowledged.
B) Millie initially dishonored the instrument when she asked for proper identification.
C) Millie 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 Henry that he would have to seek recovery from Bob.
E) The note was considered initially dishonored 30 days after Henry started seeking Bob, but was unable to find him.

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