Warranty liability may be imposed on both nonsigners and signers of an instrument.

Name: Warranty liability may be imposed on both nonsigners and signers of an instrument.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code, warranty liability may be imposed on both nonsigners and signers of an instrument. This is because the UCC extends liability to all parties who have handled the instrument, not just those who have signed it.

Warranty Liability May Be Imposed on Both Nonsigners and Signers