If a Holder Presents a Note for Payment to the Maker

question 2

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.
• E) All of these.

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Definitions:

Customer Orientation

A business strategy that focuses on creating a positive experience for customers by understanding and meeting their needs.

Ownership Utility

The value that comes from a product's ability to satisfy ownership rights, including the use, control, and transfer of the product.

Time Utility

The increase in the value of a product or service by making it available at a convenient time for the consumer.

Place Utility

The value added to products or services by making them more accessible or available to potential users or consumers.