Multiple Choice
The transferor of a negotiable instrument warrants that the transferor has good title or is authorized to obtain payment of acceptance of one who has good title as part of:
A) the transfer warranties
B) the presentment warranties
C) both transfer and presentment warranties
D) neither transfer nor presentment warranties
Correct Answer:
Verified
Correct Answer:
Verified
Q50: An accommodation party can sign:<br>A) only as
Q56: The drawer of a draft has primary
Q57: What is the purpose and effect of
Q58: A special form of appointment is necessary
Q60: Qualified indorsers are secondarily liable on instruments
Q62: Andy Anderson is an agent for Peterson
Q63: Transferors cannot be held liable for breaching
Q64: Cancellation of a negotiable instrument will discharge
Q66: In order to impose secondary liability,the following
Q117: A maker's discharge in bankruptcy is considered