Examlex
Which of the following will cause a decrease in the value of the respective derivative?
Drawer Is Unauthorized
A statement indicating that the person who has made or drawn a cheque (the drawer) did not have the authority to do so, potentially rendering the cheque invalid.
Unaccepted Draft
A written order to pay a certain amount that has not been accepted or honored by the party it is drawn upon.
Transfer Warranty
Guarantees made by the seller regarding the ownership and quality of property being sold, assuring it is free of claims or liens.
Consideration
Something of value exchanged between parties in a contract, which can include money, services, or goods, making the contract legally binding.
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