Which of the Following Is True of Warranties of Indorsers

Multiple Choice

Which of the following is true of warranties of indorsers?

A) The indorser is not entitled to enforce the instrument.
B) The indorser warrants that the instrument is subject to a defense of any party that can be asserted against the indorser.
C) The indorser warrants that he/she has knowledge of the bankruptcy of the maker, acceptor, or drawer.
D) The indorser warrants that there has been no alteration or other irregularity.