Which of the Following Is a Characteristic of a Presentment

question 36

Multiple Choice

Which of the following is a characteristic of a presentment warranty on an instrument presented for payment?

• A) The transferor has no knowledge of any insolvency.
• B) The transferor has good title to the instrument.
• C) No defenses of any party are good against the transferor.
• D) The instrument has not been materially altered.

---

Definitions:

Contrast Law

A principle in psychology that states the perceived intensity of a stimulus can change relative to the intensity of a preceding or surrounding stimulus.

Mowrer's Two-Factor Theory

A theory proposing that avoidance learning involves both classical conditioning of fear and operant conditioning of the avoidance response.

Avoidance Conditioning

A learning process in operant conditioning wherein an individual learns a behavior to avoid an undesired stimulus or outcome.

Aversive Event

An unfavorable or unpleasant event or stimulus that an organism seeks to avoid or escape.