Which of the Following Is a Warranty of the Transferor

question 54

Multiple Choice

Which of the following is a warranty of the transferor?

• A) Transferor has no knowledge of any insolvency proceedings with respect to the maker, acceptor, or drawer of an unaccepted instrument.
• B) Transferor warrants that all signatures are authentic and authorized.
• C) Transferor warrants that he is entitled to enforce the instrument.
• D) All of these are warranties of the transferor.

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Definitions:

Congruent

In agreement or harmony; matching or fitting together well.

Abstract Level

The degree to which an idea, statement, or concept is general, non-specific, and divorced from specific instances or practical application.

Value

The importance, worth, or usefulness of something, often guiding principles or standards of behavior for individuals or societies.

Attitude

A settled way of thinking or feeling about something, typically reflected in a person's behavior.