The transferor of a negotiable instrument warrants that the transferor has good title or is authorized to obtain payment of acceptance of one who has good title as part of:

Question

Quizplus · Accepted Answer

The warranty mentioned in the question is a transfer warranty, as it is made by the transferor of the negotiable instrument. However, this warranty also applies to presentment of the instrument for payment, therefore it is also a presentment warranty. Therefore, the correct answer is both transfer and presentment warranties (choice C).

The Transferor of a Negotiable Instrument Warrants That the Transferor