Multiple Choice
People who present drafts for warranties:
A) do not make a warranty that they have knowledge of the insolvency proceedings commenced regarding the drawer.
B) make a warranty that the instrument has not been altered.
C) make warranties that are similar to those transferors make.
D) make a warranty that they are aware of the unauthorized signature of the maker.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: The impostor rule regarding negotiable instruments:<br>A) is
Q9: Igor signed a note to Gogh Bank,
Q10: If a person purporting to act as
Q11: A person who transfers a negotiable instrument
Q12: Gabrielle borrows $1,000 from Frank to pay
Q14: Mack is Bertha's agent and is authorized
Q15: Under Revised Article 3 of the Uniform
Q16: The maker of a promissory note is
Q17: Under Revised Article 3 of the Uniform
Q18: Which of the following statements is true