Time Limitations on Warranty Liability for Negotiable Instrument

The video tutorial explains warranty liability, focusing on presentment and transfer warranties. It highlights the importance of notifying within 30 days of dishonor or wrongful payment to avoid losses. The tutorial also discusses endorser liability and the potential for court action in assessing warranty liability.

What are the potential outcomes if a party loses the ability to recover funds due to a delay?

How does the court consider warranty liability in cases of delayed notice?