Which of the Following Is a Characteristic of a Presentment

question 36

Multiple Choice

Which of the following is a characteristic of a presentment warranty on an instrument presented for payment?

• A) The transferor has no knowledge of any insolvency.
• B) The transferor has good title to the instrument.
• C) No defenses of any party are good against the transferor.
• D) The instrument has not been materially altered.

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Definitions:

Three-Year Loan

A loan that is scheduled to be repaid in full, including interest and principal, over a period of three years.

Print Money

Refers to the process by which a country's central bank creates money, often leading to inflation if done excessively.

Federal Government

The national government of a federation, which holds the authority to govern on matters that affect the entire country, such as defense, fiscal policy, and interstate commerce.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government considered a low-risk investment.