« previous next »

Author Question: List the warranties a transferor of a negotiable instrument makes.[br][br][b][color=#FBB117]Question ... (Read 110 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jun 24, 2018
List the warranties a transferor of a negotiable instrument makes.

Question 2

Which of the following documents are always required in a documentary collection for the sale of goods?
 A) The draft, invoice, and bill of lading
 B) The invoice, bill of lading, and delivery order
 C) The certificate of origin, insurance policy, and invoice
 D) The draft, insurance policy, and invoice


shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 24, 2018
Answer to Question 1

When someone transfers a negotiable instrument, he is deemed to make the following warranties:
 He is a holder of the instrument.
 All signatures are authentic and authorized.
 The instrument has not been altered.
 No defense can be asserted against the transferor.
 He has no knowledge of the issuer's insolvency.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Red-Green Color Blindness Is a Sex-Linked Trait in Humans Red-Green Color Blindness Is a Sex-Linked Trait in Humans
Pulley from the question Pulley from the question
Example of the Tabular List and instructional notes (conventions). Example of the Tabular List and instructional notes (conventions).
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Solve this probability question Solve this probability question
economic question economic question
Video: Heart Chambers

For a complete list of videos, visit our video library