Warranty liability on a negotiable instrument does not require a signature and extends to both signers and nonsigners.

Name: Warranty liability on a negotiable instrument does not require a signature and extends to both signers and nonsigners.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Warranty liability on a negotiable instrument is automatic and does not require a signature. It extends not only to the signers but also to nonsigners who transfer or negotiate the instrument.

Warranty Liability on a Negotiable Instrument Does Not Require a Signature