People who present 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 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
Q35: Which of the following statements is true
Q36: James draws a check on his account
Q37: Gabrielle borrows $1,000 from Frank to pay
Q38: Igor signed a note to Gogh Bank,
Q39: Peter draws a check on his account
Q41: "Responsibility" with respect to instruments means the
Q42: Maya stole a check from Orhan payable
Q43: Conversion of an instrument:
A) is an authorized
Q44: What are the most common ways an
Q45: Discuss the obligation of the maker 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