An Unqualified Indorser Who Receives Consideration for the Indorsement Impliedly

Multiple Choice

An unqualified indorser who receives consideration for the indorsement impliedly warrants all of the following except:

A) the warrantor is a person entitled to enforce the instrument.
B) all signatures on the instrument are authentic and authorized.
C) the instrument has not been altered.
D) the drawer has sufficient funds to cover the check.