Multiple Choice
When a negotiable instrument is negotiated by delivery without indorsement, the warranty liability of the transferor runs:
A) only to the immediate transferee.
B) not to the immediate transferee, but to all subsequent transferees.
C) to both the immediate transferee and all subsequent transferees.
D) neither to the immediate transferee, nor to any subsequent transferees.
Correct Answer:
Verified
Correct Answer:
Verified
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