When a Negotiable Instrument Is Negotiated by Delivery Without Indorsement

question 33

Multiple Choice

When a negotiable instrument is negotiated by delivery without indorsement, the warranty liability of the transferor runs:

• A) only to the immediate transferee.
• B) not to the immediate transferee, but to all subsequent transferees.
• C) to both the immediate transferee and all subsequent transferees.
• D) neither to the immediate transferee, nor to any subsequent transferees.

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Definitions:

Basal Metabolic Rate

The amount of energy expressed in calories that a person needs to keep the body functioning at rest, including processes like breathing and keeping warm.

Temperature

A measure of the body's heat or the environmental heat, usually expressed in degrees Celsius or Fahrenheit.

Dry Mucous Membranes

A condition where the mucosal linings in the body, such as those in the nose and mouth, lack proper moisture and become dry.

Leg Cramps

Sudden, involuntary muscle contractions, often causing pain in the legs.