Asked by Joshua Palesano on Jul 15, 2024
Verified
An indorsing transferor of a negotiable instrument makes six transfer warranties to all subsequent transferees.
Transfer Warranties
Guarantees made concerning the condition or legal status of goods at the time of their transfer to a new owner.
- Discern the role of endorsements and warranties in affecting negotiable instruments.
Verified Answer
RH
Rolla HindawiJul 19, 2024
Final Answer :
True
Explanation :
A person who transfers a negotiable instrument to someone else and for consideration makes six warranties to his immediate transferee.
Learning Objectives
- Discern the role of endorsements and warranties in affecting negotiable instruments.