Transferor's warranties and presenter's warranties are implied warranties imposed only on those who sign an instrument.

Name: Transferor's warranties and presenter's warranties are implied warranties imposed only on those who sign an instrument.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Transferor's warranties apply to those who transfer an instrument, while presenter's warranties apply to those who present an instrument for payment, regardless of whether they sign it.

Transferor's Warranties and Presenter's Warranties Are Implied Warranties Imposed Only