When the transfer of an instrument breaches a ________ associated with the instrument, warranty liability results.
A) clause
B) warranty
C) time limit
D) primary liability
E) secondary liability
Correct Answer:
Verified
Q8: Which of the following was the result
Q9: An agent's signature can create liability for
Q10: An instrument must be explicitly dishonored; a
Q11: If a transfer is through endorsement, transfer
Q12: A secondarily liable party becomes liable even
Q14: The principal's name must be shown on
Q15: Liam wrote a check drawn on his
Q16: The most common reason that improper presentment
Q17: If an accommodated party pays a note
Q18: A party who signs a negotiable instrument
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