Which Warranties Does a Collecting Bank Give

question 50

Multiple Choice

Which warranties does a collecting bank give?

• A) Warranty of no alteration only.
• B) Entitlement to enforce the item, genuine signatures, no material alteration, no defense good against it, and no knowledge of insolvency of the maker or acceptor or drawer of an unaccepted draft.
• C) Only good title and genuine signatures.
• D) A collecting bank does not give any warranties.