A Person Who Transfers a Negotiable Instrument to Someone Else

Multiple Choice

A person who transfers a negotiable instrument to someone else and for consideration warrants:

A) that all signatures on the instrument are authentic.
B) that some signatures on the instrument are authorized.
C) that the beneficiary cannot recover any amount from the warrantor if the warranty has been breached.
D) that the warrantor is aware of insolvency proceedings commenced with respect to the maker.