If a Holder Presents a Note for Payment to the Maker

question 28

Multiple Choice

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

• A) All signatures are genuine.
• B) All indorsements 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.
• E) All of these.

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Definitions:

Organization

An arranged group of people with a particular purpose, such as a business or government department.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community.

Diverse Individuals

People from various backgrounds and with different characteristics, including but not limited to race, gender, age, and cultural background.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aiming to achieve a specific goal.