Presentment warranties protect the person to whom an instrument is presented for payment.

Question

Quizplus · Accepted Answer

Presentment warranties are a set of warranties made by the person presenting an instrument for payment to protect the person from any defects or issues with the instrument. These warranties include assurance that the person has the right to enforce the instrument, that the instrument has not been altered, and that the person has no knowledge of any insolvency proceedings against the maker or drawer of the instrument.

Presentment Warranties Protect the Person to Whom an Instrument Is