« previous next »

Author Question: List the warranties a transferor of a negotiable instrument makes.[br][br][b][color=#FBB117]Question ... (Read 97 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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Genetic variation in the color of corn kernels Genetic variation in the color of corn kernels
The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
The official “Do Not Use” list as issued by The Joint Commission. The official “Do Not Use” list as issued by The Joint Commission.
(A) Major leukocytes. (B) Enhanced color photograph from a scanning electron microscope of a ... (A) Major leukocytes. (B) Enhanced color photograph from a scanning electron microscope of a ...
Remainder Question Remainder Question
A three-gene additive model for wheat kernel color A three-gene additive model for wheat kernel color
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library