Indorser Liability for Negotiable Instrument

The video explains the liability of endorsers on negotiable instruments. It covers the warranties endorsers make to both the original maker or drawer and subsequent transferees. These warranties include having good title, no forgeries, and no material alterations. The video also discusses the potential liabilities and implications for endorsers if an instrument is dishonored or wrongfully paid.

What are the implications of warranties going both ways in the context of negotiable instruments?

What could a maker or drawer of an instrument do in the event the instrument is wrongfully paid?