An Unqualified Indorser Who Receives Consideration for the Indorsement Impliedly

question 46

Multiple Choice

An unqualified indorser who receives consideration for the indorsement impliedly warrants that:

• A) the warrantor is a person entitled to enforce the instrument.
• B) all signatures on the instrument are authentic and authorized.
• C) the instrument has not been altered.
• D) all of the above.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.

Positive Reinforcers

Stimuli that, when presented after a behavior, increase the likelihood of that behavior being repeated.

Behavior Modification

A therapeutic approach aimed at changing undesirable behaviors through reinforcement techniques.

Cognitive Therapy

A form of psychotherapy that treats mental health problems by altering dysfunctional thoughts, behaviors, and emotional responses.