Transfer Warranties Cannot Be Disclaimed with Respect to Checks,but They

question 46

True/False

Transfer warranties cannot be disclaimed with respect to checks,but they can be disclaimed with respect to other instruments.

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Definitions:

Profits

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Jeweler

A person or business that designs, makes, sells, and repairs jewelry and watches.

Clothing Store

A retail establishment that sells garments and apparel for individuals of all ages.

Housing Development

The process and business of developing land into residential properties, including homes and apartment buildings.