Which of the following is true of warranties by indorsers? A.The indorser warrants that the instrument is subject to a defenseof any party that can be asserted against the indorser. B. Theindorser isn’t entitled to enforce the instrument. C. The indorserwarrants that he or she has knowledge of the bankruptcy of themaker, acceptor, or drawer. D. The indorser warrants that therehasn’t been alteration or other irregularity.
Expert Answer
Answer- option D
The indorser warrants that there hasn’t been alteration or otherirregularity .