Presentment warranties protect the party to whom an altered instrument is presented because they have the effect of shifting liability back to the party who was in the best position to prevent the wrongdoing.

Question

Quizplus · Accepted Answer

Presentment warranties indeed protect the party to whom an altered instrument is presented by shifting liability back to the party who presented the instrument and was in a better position to prevent the alteration or identify the wrongdoing, ensuring that losses are borne by those most able to prevent them.

Presentment Warranties Protect the Party to Whom an Altered Instrument