In All Instances Other Than a Drawee of an Unaccepted

question 26

True/False

In all instances other than a drawee of an unaccepted draft or uncertified check,the only presentment warranty that is given is that the warrantor is a person entitled to enforce the instrument or is authorized to obtain payment on behalf of the person entitled to enforce.

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Definitions:

Personality Structure

The organized pattern of behavioral and emotional characteristics, traits, and processes unique to an individual.

Instincts

The biologically determined and innate patterns of behavior that exist in both people and animals.

Defense Mechanisms

Unconscious strategies used by individuals to protect themselves from anxiety or unacceptable thoughts and feelings.

Projection

a defense mechanism where individuals attribute their own undesirable feelings, thoughts, or motivations to someone or something else.