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:

Malnourished

A condition in which a deficiency, excess, or imbalance of energy, protein, and other nutrients causes measurable adverse effects on tissue/body form, function, or clinical outcome.

Alcohol

A chemical compound commonly found in beverages such as beer, wine, and spirits, known for its psychoactive effects on humans.

Mental Development

The process of growth and changes in intellectual, emotional, and social abilities and capacities throughout life.

Temperament

A person's or animal's nature, especially as it permanently affects their behavior.