A nonindorsing transferor makes all five transfer warranties to his/her immediate transferee.

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According to the Uniform Commercial Code (UCC), a nonindorsing transferor makes all five transfer warranties to his/her immediate transferee. These warranties include the warranty of title, the warranty against infringement, the warranty of no defenses, the warranty of no claims, and the warranty of no outstanding negotiable instruments.

A Nonindorsing Transferor Makes All Five Transfer Warranties to His/her