List the presentment warranties related to negotiable instruments
What will be an ideal response?
Any person who presents a draft or check for payment or acceptance makes the following presentment warranties to a drawee or an acceptor who pays or accepts the instrument in good faith:
1. The presenter has good title to the instrument or is authorized to obtain payment or acceptance of the person who has good title.
2. The instrument has not been materially altered.
3. The presenter has no knowledge that the signature of the maker or drawer is unauthorized.
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The sustainable growth rate:
A. assumes there is no external financing of any kind. B. assumes no additional long-term debt is available. C. assumes the debt-equity ratio is constant. D. assumes the debt-equity ratio is 1.0. E. assumes all income is retained by the firm.
One advantage of a limited partnership?in comparison to a general partnership?is that you cannot lose more than you invest
Indicate whether the statement is true or false