When the Negotiable Instrument Is Negotiated by Delivery Without Indorsement

question 54

True/False

When the negotiable instrument is negotiated by delivery without indorsement, the warranty liability of the transferor runs only to the immediate transferee.

---

Definitions:

Soft Palate

The fleshy, flexible part toward the back of the roof of the mouth, separating the mouth from the pharynx.

Sternocleidomastoid

A muscle in the neck that runs from the sternum and clavicle to the mastoid process of the temporal bone, involved in rotating and flexing the head.

Sternal End

The part of a bone that is located nearest to the sternum, often referring to the end of the clavicle that articulates with the sternum.

Manubrium

The upper section of the sternum (breastbone), providing attachment points for the clavicles and the first pair of ribs.