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Omar receives a check from Trudy drawn on Shelfari Bank. Shelfari Bank improperly dishonors the check when Omar attempts to cash it. Which of the
Omar receives a check from Trudy drawn on Shelfari Bank. Shelfari Bank improperly dishonors the check when Omar attempts to cash it. Which of the following is true of this case?
Omar is the holder or the check, and hence has recourse against Trudy, the drewee.
Shelfari Bank, the drawee bank, is liable to Omar, the holder, for improperly dishonoring the check.
Omar has recourse against both the parties - the drawer, Trudy, and the drawee bank, Shelfari Bank.
Omar has recourse against Shelfari Bank, in case Trudy does not reimburse Omar.
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