List the presentment warranties related to negotiable instruments
What will be an ideal response?
Any person who presents a draft or check for payment or acceptance makes the following presentment warranties to a drawee or an acceptor who pays or accepts the instrument in good faith:
1. The presenter has good title to the instrument or is authorized to obtain payment or acceptance of the person who has good title.
2. The instrument has not been materially altered.
3. The presenter has no knowledge that the signature of the maker or drawer is unauthorized.
You might also like to view...
Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Which of the following is not included as one of Porter's three generic strategies?
A. Focused strategy B. Supplier cost differentiation C. Broad differentiation D. Broad cost leadership
What type of analytic is used to understand what's popular and what's not on a firm's website, including page load times and site navigation?
A. content B. conversion C. mobile D. social E. advertising
Intangible personal property includes
A) furniture, cars and clothing B) loans, debts, goodwill C) fixtures and equipment D) furniture and fixtures E) copyrights, patents and equipment
You are about to form a partnership. You want to make a partnership agreement which will protect your interests in the event that your partner decides to retire. Which of the following is TRUE?
A) Your agreement should have a buy-sell clause in it. B) Your agreement should contain a method for determining the value of the business. C) Your agreement should provide for your partner's shares to be appraised in the event of your making an offer for them. D) Both A and B E) All of the above