Presentment Warranty of a Negotiable Instrument

The video tutorial explains presentment warranty, primarily applicable to drafts. It covers the roles of drawer, drawee, and holder, and the warranties the presenter provides to the drawee, ensuring the instrument has good title, is not forged, and unaltered. If these warranties are breached, the drawee can seek recovery from the presenter or prior transferors. The video also discusses the broader scope of liability for transferors and the conditions under which liability can be disclaimed, particularly focusing on checks and non-check drafts.

What is the role of the presenter in the context of presentment warranty?

What does the presenter warrant to the drawee when presenting an instrument for payment?

What can the drawee do if they wrongfully pay a draft based on false warranties?

How does the liability of a transferor change when transferring an instrument?

In what situations can a transfer disclaim liability for presentment warranty?