People who presents drafts for warranties:
A) do not make a warranty that they have knowledge of the insolvency proceedings commenced regarding the drawer.
B) make a warranty that the instrument has not been materially altered.
C) make warranties that are similar to those transferors make.
D) make a warranty that they are aware of the unauthorized signature of the maker.
Correct Answer:
Verified
Q19: Liability on a negotiable instrument:
A)can arise only
Q20: An indorsing transferor makes all five transfer
Q21: Under the Revised Article 3 rules for
Q22: A person who transfers a negotiable instrument
Q23: The indorser's liability is discharged if the
Q25: Devon draws a check payable to the
Q27: Which of the following is true of
Q28: Alice drew a check on her account
Q29: Which of the following is true of
Q29: Mack is Bertha's agent and is authorized
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents