By presentation or transmission of an item a Reserve Bank warrants to a subsequent collecting bank and paying bank that:
A) The Reserve Bank has good title to the item
B) The item has not been altered
C) The item bears all endorsements applied by parties that have previously handled the item in paper or electronic form
D) All of these
Correct Answer:
Verified
Q168: An electronic image of an item together
Q169: A sender and any prior collecting banks
Q170: By sending an item to a Reserve
Q171: It is an instrument or promise or
Q172: Cash items' payment proceeds must be available
Q174: The liability of paying and returning banks
Q175: Reserve Banks must issue operating circulars, which,
Q176: The Reserve Bank may recover by charging
Q177: The Reserve Bank may recover from the
Q178: Any of the following foreign correspondents for
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