Which of the Following Is True of Warranties of Indorsers

question 43

Multiple Choice

Which of the following is true of warranties of indorsers?

• A) The indorser is not entitled to enforce the instrument.
• B) The indorser warrants that the instrument is subject to a defense of any party that can be asserted against the indorser.
• C) The indorser warrants that he/she has knowledge of the bankruptcy of the maker, acceptor, or drawer.
• D) The indorser warrants that there has been no alteration or other irregularity.