Which of the Following Is True Regarding the Warranty or Warranties

Multiple Choice

Which of the following is true regarding the warranty or warranties applicable if an instrument is not an unaccepted draft presented to a drawee?

A) Only one warranty applies, that the warrantor of the instrument is or was entitled to payment or authorized to obtain payment.
B) Only one warranty applies, that the instrument has not been altered.
C) Only one warranty applies, that the warrantor has no knowledge that the drawer's signature or the draft is unauthorized.
D) Two warranties are applicable: (1) that the instrument has not been altered, and (2) that the warrantor has no knowledge that the drawer's signature or the draft is unauthorized.
E) Three warranties are applicable: (1) that the instrument has not been altered, (2) that the warrantor has no knowledge that the drawer's signature or the draft is unauthorized, and (3) that the warrantor of the instrument is or was entitled to payment or authorized to obtain payment.