If an Instrument Is Not an Unaccepted Draft Presented to a Drawee

question 33

Multiple Choice

If an instrument is not an unaccepted draft presented to a drawee, which of the following presentment warranties is applicable?

• A) That the warrantor of the instrument is entitled to payment.
• B) That the instrument has not been altered.
• C) That the warrantor has no knowledge that the drawer's signature or the draft is unauthorized.
• D) That the warrantor of the instrument is entitled to payment, that the instrument has not been altered, and that the warrantor has no knowledge that the drawer's signature or the draft is unauthorized.
• E) The warrantor of the instrument is entitled to enforce the instrument and that the warrantor has no knowledge that the drawer's signature or the draft is unauthorized, but not that the instrument has not been altered.

---

Definitions:

Skewed Right

A distribution of data where the tail on the right side of the distribution is longer or fatter than the left side.

Normal Distribution

Normal Distribution is a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

Skewed Right

A distribution that has a tail on the right side, indicating that the majority of data points are concentrated on the left.

Homeowners

Individuals or entities that own and typically reside in a residential property.