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

question 29

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

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Definitions:

Consensus Decision

A group decision-making process that seeks unanimous agreement among all participants.

Team Members

Individuals who belong to a group working together towards a common goal, sharing responsibilities, and contributing their skills and efforts.

Optimum Achievement

Achieving the best or most favorable outcome within given constraints or conditions.

Collaboration

The action of working with someone to produce or create something, emphasizing shared goals and teamwork.