Anyone Who Presents a Check for Payment Makes Certain Warranties

question 26

Multiple Choice

Anyone who presents a check for payment makes certain warranties.Which of the following is NOT one of those warranties?

• A)that he or she is a holder
• B)that the check has not been altered
• C)that the drawee is a solvent institution
• D)that all signatures are authentic

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Definitions:

Product

An item or service created through a process and available for exchange or sale to satisfy a need or want.

Service

An intangible commodity that involves providing labor, support, or a facility for a fee, where the benefit is realized without the need to own a physical product.

Middleman

An intermediary or agent between producers and consumers who facilitates transactions or the distribution of products.

End-User Markets

Markets consisting of individuals or organizations that are the final consumers of products and services, using them for their own use.