Which of the Following Is True of Warranties by Indorsers

question 3

Multiple Choice

Which of the following is true of warranties by indorsers?

• A)The indorser is not entitled to enforce the instrument.
• B)The indorser warrants that the instrument is subject to a defense of any party that can be asserted against the indorser.
• C)The indorser warrants that he or she has knowledge of the bankruptcy of the maker,acceptor,or drawer.
• D)The indorser warrants that there has been no alteration or other irregularity.

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Definitions:

Neurotransmitters

Chemical substances in the nervous system that transmit signals across a synapse from one neuron to another.

Neuron

A neuron, which serves as the foundational unit of the nervous system, is essential for the reception, processing, and communication of information via electrical and chemical signals.

Impulse

A sudden, involuntary urge to do something.

Neural Transmission

The process by which neurons communicate with each other through electrical and chemical signals.