Can Transfer Warranties Be Disclaimed

question 50

Multiple Choice

Can transfer warranties be disclaimed?

• A) No; they cannot be disclaimed for any negotiable instruments.
• B) Yes; they can be disclaimed for any negotiable instruments.
• C) Yes; they can be disclaimed,but only by holders in due course.
• D) Yes; they can be disclaimed,but only for bearer instruments.
• E) Yes; they can be disclaimed,but only for instruments other than checks.

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Definitions:

Coal Mine Pollution

The release of harmful substances into the environment as a result of coal mining activities, affecting air, water, and soil quality.

Automobile Emissions

The pollutants released into the atmosphere by motor vehicles, including carbon monoxide, nitrogen oxides, and hydrocarbons.

Specific Tax

A fixed amount imposed by the government on a product, per unit of quantity.

External Benefit

A benefit that affects a party who did not choose to incur that benefit, typically referring to positive side effects of a transaction or activity on third parties.