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Question
In the event of a breach of a presentment warranty:
A. the drawee is entitled to compensation for expenses and loss of interest resulting from the breach to compensate for the amount paid by the drawee.
B. the drawee's right to recover damages for breach of warranty is annulled by any failure on the part of the drawee to exercise ordinary care in making payment.
C. the warrantor may defend by showing that the indorsement is effective under the impostor or fictitious payee rules.
D. the drawee can withdraw an amount equal to the amount paid by the drawee less the amount the drawee received or is entitled to receive from the drawer.
Answer
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