When a negotiable instrument is negotiated by delivery without indorsement, the warranty liability of the transferor runs only to the immediate transferee.
Correct Answer:
Verified
Q21: When the indorser merely signs a negotiable
Q29: A blank indorsement turns a(n) _instrument into
Q30: The warranties made by an unqualified indorser
Q31: A qualified indorsement is given by using
Q32: The transferee has only those rights that
Q32: An endorsement is restrictive when:
A) the paper
Q36: A restrictive indorsement reduces the risk of
Q40: Negotiation of order paper requires:
A) delivery only.
B)
Q51: The implied warranties of an unqualified indorser
Q54: An unqualified indorser who receives consideration for
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