« previous next »

Author Question: List the warranties a transferor of a negotiable instrument makes.[br][br][b][color=#FBB117]Question ... (Read 76 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?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Red-Green Color Blindness Is a Sex-Linked Trait in Humans Red-Green Color Blindness Is a Sex-Linked Trait in Humans
DEVELOPING A PICOT QUESTION DEVELOPING A PICOT QUESTION
Molecular Genetic Matching question Molecular Genetic Matching question
Light Green Eye Color Light Green Eye Color
economic question economic question
Business question Business question
Video: Complement Proteins Animation

For a complete list of videos, visit our video library