A person who transfers a negotiable instrument to someone else and for consideration makes a warranty that:
A) all signatures on the instrument are authentic.
B) some signatures on the instrument are authorized.
C) the beneficiary cannot recover any amount from the warrantor if the warranty has been breached.
D) the warrantor is aware of insolvency proceedings commenced with respect to the maker.
Correct Answer:
Verified
Q19: Which of the following statements is true
Q20: If a person has been so negligent
Q21: Under Revised Article 3 of the Uniform
Q22: Mack is Bertha's agent and is authorized
Q23: When an incomplete instrument is completed after
Q25: Which of the following statements is true
Q26: Anne borrows $2,000 from Jerry and gives
Q27: The acceptor's obligation:
A) extends to a person
Q28: Chang gives a promissory note to Rahim.
Q29: Which of the following is true of
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