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Question
Which of the following is true regarding a transferor's liability on a transfer warranty?
A. The warranties apply only when the transfer was accompanied by the transferor's indorsement.
B. The transferor is liable only after presentment to the drawee or a primarily liable party, followed by that party's dishonor.
C. It applies even when there was no consideration for the transfer.
D. If the transfer was by indorsement, the warranty extends to all subsequent transferees, and not just the immediate transferee.
Answer
This answer is hidden. It contains 90 characters.
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