Which of the following is both a transfer warranty and a presentment warranty? Assume that the instrument in question is a draft.
A)That the draft has not been altered.
B)That the draft is negotiable.
C)That the draft is not subject to any defense or claim for recoupment.
D)That the drawer is not insolvent.

Question

Quizplus · Accepted Answer

A draft that has not been altered is both a transfer warranty and a presentment warranty.

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