Warranties of a person obtaining payment or acceptance of an unaccepted draft include:
A) the warrantor is a person entitled to enforce the draft.
B) the warrantor has no knowledge that the drawer's signature is unauthorized.
C) the draft has not been altered.
D) All of these are correct.

Question

Quizplus · Accepted Answer

All of these options are correct as they represent warranties made by a person who obtains payment or acceptance of an unaccepted draft under the Uniform Commercial Code (UCC). These warranties ensure that the person presenting the draft is entitled to enforce it, that they are unaware of any unauthorized signatures by the drawer, and that the draft has not been altered in any way.

Warranties of a Person Obtaining Payment or Acceptance of an Unaccepted