All of the Following Except Which One Are Warranted by the Transferor

question 59

Multiple Choice

All of the following except which one are warranted by the transferor of a negotiable instrument?

• A) The instrument is not subject to a defense.
• B) The transferor has no knowledge of a material alteration.
• C) All signatures are authentic and authorized.
• D) Transferor has no knowledge of insolvency proceedings instituted with respect to the maker or drawer.

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Definitions:

Leukocytes

White blood cells that are part of the body's immune system, fighting infection and disease.

Hemoglobin

A protein found in red blood cells responsible for transporting oxygen from the lungs to the body's tissues and returning carbon dioxide from the tissues back to the lungs.

Nitrites

Nitrites are chemical compounds that can be used as food preservatives or can occur naturally, but in high amounts can be harmful.

Urinary Tract Infection

An infection in any part of the urinary system, often caused by bacteria.