Under Article 3 of the Code,collecting banks give to a transferee the same basic warranties as those given by other parties who transfer commercial paper.

Name: Under Article 3 of the Code,collecting banks give to a transferee the same basic warranties as those given by other parties who transfer commercial paper.
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Article 3 of the Code provides that collecting banks give to a transferee the same basic warranties as those given by other parties who transfer commercial paper.

Under Article 3 of the Code,collecting Banks Give to a Transferee