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.

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Definitions:

Moral Leadership

A style of leadership that is based on ethical principles and values, aiming to influence others through moral authority.

Capabilities

The skills, expertise, and resources that an organization or individual has, which enable them to achieve their objectives and perform activities.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others, which is crucial for effective interpersonal relations and leadership.

Personal Competency

The range of one's abilities and skills that contribute to achieving high performance and success in personal or professional tasks.