Multiple Choice
Which of the following is a warranty of the transferor?
A) Transferor has no knowledge of any insolvency proceedings with respect to the maker, acceptor, or drawer of an unaccepted instrument.
B) Transferor warrants that all signatures are authentic and authorized.
C) Transferor warrants that he is entitled to enforce the instrument.
D) All of these are warranties of the transferor.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Presentment for payment is one step necessary
Q46: Who is primarily liable on a note?<br>A)
Q49: Indorsers of all instruments incur primary liability
Q50: The signature of the maker of a
Q51: Notice of dishonor of an instrument must
Q53: Warranties of a person obtaining payment or
Q55: List and generally explain the warranties on
Q57: Unauthorized signatures include both forgeries and signatures
Q58: By indorsing a check, "Without recourse," Pat
Q59: National Trust Bank returns a check because