Which of the following is a warranty of the transferor?
A)Transferor has no knowledge of any insolvency proceedings with respect to the maker, acceptor, or drawer of an unaccepted instrument.
B)Transferor warrants that all signatures are authentic and authorized.
C)Transferor warrants that he is entitled to enforce the instrument.
D)All of the above are warranties of the transferor.

Question

Quizplus · Accepted Answer

All of the options listed are warranties of the transferor. Option A is a warranty of no knowledge of insolvency proceedings, option B is a warranty of authentic and authorized signatures, and option C is a warranty of entitlement to enforce the instrument.

Which of the Following Is a Warranty of the Transferor