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Question
Fact Pattern 26-1Holly writes a check on her account at Investment Bank to Jerry to pay a debt. Jerry negotiates the check by indorsement to Kelly, who negotiates the check by indorsement to Lisa, who presents it for payment to Interstate Bank.Refer to Fact Pattern 26-1. If Investment Bank dishonors the check, Lisa can obtain payment from Jerry
a. if Lisa timely notifies Jerry.
b. only if Holly refuses to pay the check.
c. only if Holly and Kelly refuse to pay the check.
d. under no circumstances.
Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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