Enforceability • No Alterations • • No Forgeries Resource Video: • 40. To what extent is a warrantor liable for damages suffered by a holder of a dishonored note or draft? Recover damages from a prior warrantor • Loss suffered as a result of the dishonor. • Plus expenses and loss of interest • Resource Video: • 41. Is there a time limitation for exercising warranties on negotiable instruments? Notice of a claim for breach of warranty - within 30 days • Warrantor is discharged to the extent of any loss caused by the delay • Resource Video: • 42. When are the warranties of a negotiable instrument discharged?
• Enforceability • No Alterations • No Forgeries • Resource Video: 40. To what extent is a warrantor liable for damages suffered by a holder of a dishonored note or draft? • Recover damages from a prior warrantor • Loss suffered as a result of the dishonor. • Plus expenses and loss of interest • Resource Video: 41. Is there a time limitation for exercising warranties on negotiable instruments? • Notice of a claim for breach of warranty - within 30 days • Warrantor is discharged to the extent of any loss caused by the delay • Resource Video: 42. When are the warranties of a negotiable instrument discharged?
SO-20.docx