Which of the following is not one of the presentment warranties that the holder of an unaccepted draft makes to the drawee?
A)That the draft has not been altered.
B)That the draft is not subject to a defense or a claim in recoupment.
C)That the holder has no knowledge that the signature of the drawer is unauthorized.
D)That the holder is entitled or authorized to obtain payment.

Question

Quizplus · Accepted Answer

Presentment warranties include that the warrantor is,or was,at the time the warrantor transferred the draft,a person entitled to enforce the draft or authorized to obtain payment or acceptance of the draft on behalf of a person entitled to enforce the draft,the draft has not been altered and the warrantor has no knowledge that the signature of the drawer of the draft has not been authorized.

Which of the Following Is Not One of the Presentment