If a Holder Presents a Note for Payment to the Maker

question 37

Multiple Choice

If a holder presents a note for payment to the maker, which one of the following warranties is 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 the above.

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Definitions:

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