In the Event of a Breach of a Presentment Warranty

question 51

Multiple Choice

In the event of a breach of a presentment warranty:

• A)the drawee is entitled to compensation for expenses and loss of interest resulting from the breach to compensate for the amount paid by the drawee.
• B)the drawee's right to recover damages for breach of warranty is annulled by any failure on the part of the drawee to exercise ordinary care in making payment.
• C)the warrantor may defend by showing that the indorsement is effective under the impostor or fictitious payee rules.
• D)the drawee can withdraw an amount equal to the amount paid by the drawee less the amount the drawee received or is entitled to receive from the drawer.

---

Definitions:

Behavioral Expressions

The ways in which behaviors are outwardly shown and can be observed in the context of emotions, thoughts, and social interactions.

Conscious Feelings

Emotional experiences that are within one's immediate awareness.

Sympathetic Nervous system

A part of the autonomic nervous system that activates the body's responses under stress, such as increasing heart rate and redirecting blood flow.

Parasympathetic Nervous System

A component of the autonomic nervous system responsible for energy conservation by decreasing the heart rate, enhancing the activity of intestines and glands, and easing the muscles of sphincters in the digestive system.