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.

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Definitions:

Metamorphosed

Describes rock that has undergone transformation in structure or composition due to heat and pressure.

Interpret Relative Ages

The process of determining the chronological order of geological events or rock layers without necessarily determining their absolute age.

Crosscuts

Geological features that intersect other features, often used in the context of veins or faults cutting across different layers of rock.

Relative Ages

The determination of the age of one feature, rock, or artifact in relation to another without specifying its exact age in years.