Which of the Following Is Both a Transfer Warranty and a Presentment

question 80

Multiple Choice

Which of the following is both a transfer warranty and a presentment warranty? Assume that the instrument in question is a draft.

• A)That the draft has not been altered.
• B)That the draft is negotiable.
• C)That the draft is not subject to any defense or claim for recoupment.
• D)That the drawer is not insolvent.

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Definitions:

Premise

A premise is a statement or proposition from which another is inferred or follows as a conclusion.

Minor Term

In syllogistic logic, the term that appears in the conclusion and the minor premise but not in the major premise.

Conclusion

The statement in a logical argument that follows from the premises.

Major Premise

The first statement in a syllogism, containing the universal principle or general assertion.