Warranties of a Person Obtaining Payment or Acceptance of an Unaccepted

question 69

Multiple Choice

Warranties of a person obtaining payment or acceptance of an unaccepted draft include:

• A)the warrantor is a person entitled to enforce the draft.
• B)the warrantor has no knowledge that the drawer's signature is unauthorized.
• C)the draft has not been altered.
• D)All of the above.

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Definitions:

Diversified Portfolios

A strategy that mixes a wide variety of investments within a portfolio to minimize risks.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

Equally-Weighted Portfolio

An investment portfolio in which each asset is allocated the same proportion of the total investment, regardless of the asset's market value.

Short Sell

The practice of selling a borrowed security with the intention of buying it back later at a lower price to profit from the price difference.