All people who obtain payment or acceptance of an instrument as well as all prior transferors give the presenter's warranties.

Question

Quizplus · Accepted Answer

In the context of negotiable instruments, the presenter's warranties are indeed given by all prior transferors and anyone who obtains payment or acceptance of the instrument. These warranties assure that the instrument is genuine, has not been altered, and that the presenter has good title to it.

All People Who Obtain Payment or Acceptance of an Instrument