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Question 37 A party may be liable for a negotiable instrument because of a breach of warranty. The two types o warranties are

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Answer #1

Answer:

Correct answer is:

transfer and presentment

Explanation:

There are two implied warranties on transferors of negotiable instruments. The two warranties are transfer warranties and presentment warranties.

As such option E is correct and other options A, B, C, and D are incorrect.

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