It is assumed that a drawer or maker will recognize his or her own signature and that a maker or an acceptor will recognize whether an instrument has been materially altered. Therefore, with respect to any of these parties who in good faith accepts an instrument, in terms of presentment warranties, a.all of them apply. b.none of them apply. c.only the warranties that the instrument has not been altered and that the person obtaining acceptance has no knowledge of an unauthorized signature apply. d.only the warranty that the person obtaining acceptance is entitled to enforce the instrument applies.

When it comes to accepting financial instruments, such as checks or promissory notes, there are…

Answered: It is assumed that a drawer or maker…

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SEE MORE QUESTIONS

	a.	all of them apply.
	b.	none of them apply.
	c.	only the warranties that the instrument has not been altered and that the person obtaining acceptance has no knowledge of an unauthorized signature apply.
	d.	only the warranty that the person obtaining acceptance is entitled to enforce the instrument applies.