If a holder presents a note for payment to the maker, which of the following warranties is/are given?
A) All indorsements are genuine.
B) All signatures are genuine.
C) The holder has no knowledge that any indorsements are forged.
D) The holder is entitled to enforce the note or is authorized to obtain payment on behalf of the person entitled to enforce the note.
E) All of these.

Question

Quizplus · Accepted Answer

When a holder presents a note for payment, they warrant that they are entitled to enforce the note or are authorized to obtain payment on behalf of the person entitled to enforce the note.

If a Holder Presents a Note for Payment to the Maker