Which of the following is a warranty of the transferor?
A) Transferor warrants that all signatures are authentic and authorized.
B) Transferor warrants that he is entitled to enforce the instrument.
C) Transferor has no knowledge of any insolvency proceedings with respect to the maker, acceptor, or drawer of an unaccepted instrument.
D) All of these are warranties of the transferor.

Question

Quizplus · Accepted Answer

All of these options are warranties of the transferor. They ensure the authenticity of signatures, the right to enforce the instrument, and lack of knowledge about insolvency proceedings related to the instrument's maker, acceptor, or drawer.

Which of the Following Is a Warranty of the Transferor