When a Person Transfers a Negotiable Instrument,to Whom Does This

question 114

Multiple Choice

When a person transfers a negotiable instrument,to whom does this transferor make transfer warranties?

• A) only parties to whom the transferor makes a written assertion in connection with the transfer
• B) for all transfers, to the immediate transferee only
• C) for all transfers, to the immediate transferee and all subsequent transferees
• D) for transfers for consideration, to the immediate transferee, and if the transfer is by indorsement, to all subsequent transferees as well
• E) to subsequent transferees only

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