List the warranties a transferor of a negotiable instrument ...

[Marty]

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]

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