If a Holder Presents a Note for Payment to the Maker

question 1

Multiple Choice

If a holder presents a note for payment to the maker, which of the following warranties is/are given?

• A) All indorsements are genuine.
• B) All signatures are genuine.
• C) The holder has no knowledge that any indorsements are forged.
• D) The holder is entitled to enforce the note or is authorized to obtain payment on behalf of the person entitled to enforce the note.