Author Question: The Doctrine of Ancient Lights: A) Exists in England. B) Exists in the United States. C) Was adopted ... (Read 98 times)

gbarreiro · **on:** Jun 24, 2018

The Doctrine of Ancient Lights:
A) Exists in England.
B) Exists in the United States.
C) Was adopted by statute in most states.
D) None of the above

Question 2

An unqualified indorser who receives consideration for the indorsement impliedly warrants all of the following except:
A) the warrantor is a person entitled to enforce the instrument.
B) all signatures on the instrument are authentic and authorized.
C) the instrument has not been altered.
D) the drawer has sufficient funds to cover the check.