Warranties of a person obtaining payment or acceptance of an unaccepted draft include:
A) the draft has not been altered.
B) the warrantor is a person entitled to enforce the draft.
C) the warrantor has no knowledge that the drawer's signature is unauthorized.
D) All of these are correct.

Question

Quizplus · Accepted Answer

All of these options are correct as they represent the warranties made by a person who obtains payment or acceptance of an unaccepted draft, ensuring the draft's authenticity, the warrantor's right to enforce it, and the legitimacy of the drawer's signature.

Warranties of a Person Obtaining Payment or Acceptance of an Unaccepted