Author Question: Which of the following is true regarding the negotiator of bearer paper? A) The negotiator is not ... (Read 243 times)

james9437 · **on:** Jun 24, 2018

Which of the following is true regarding the negotiator of bearer paper?
A) The negotiator is not liable to the immediate transferee as a warrantor of the genuineness of the instrument.
B) One who negotiates a bearer instrument by delivery alone does not guarantee payment.
C) The negotiator must indorse a bearer paper when he negotiates it.
D)The mere delivery by the negotiator of a bearer paper does not change title.

Question 2

A purchaser of a nonnegotiable warehouse receipt:
A) receives no implied warranties.
B) may acquire rights superior to those of the transferor.
C) acquires only the title and the rights the transferor had authority to transfer.
D) may be considered to have the rights of a holder in due course.