The Implied Warranties of an Unqualified Indorser Do Not Include

question 13

Multiple Choice

The implied warranties of an unqualified indorser do not include a guarantee that:

• A) payment of the instrument will be made.
• B) the account of the drawer in the drawee bank contains funds sufficient to cover the check.
• C) both a.and b.
• D) neither a.nor b.

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Definitions:

Heuristic

A mental shortcut or rule of thumb that allows people to solve problems and make judgments quickly and efficiently.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing a specific task.

Chess Master

An expert or highly skilled player of chess, often having achieved a high ranking or title through competition.

Chess-playing Computer

A computer system specifically designed to play the game of chess against human opponents or other computers, often utilizing advanced algorithms and artificial intelligence.