Warranty liability is imposed whether or not the transferor signed the instrument.

Name: Warranty liability is imposed whether or not the transferor signed the instrument.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Warranty liability is imposed on the transferor of an instrument regardless of whether or not they signed the instrument. This is because the transferor is deemed to have warranted that the instrument is genuine, has not been materially altered, and that the transferor has good title to it.

Warranty Liability Is Imposed Whether or Not the Transferor Signed