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HACTEHA [7]
3 years ago
11

Highlight the two categories of when warranties arise with negotiable instruments. Highlight the complete word(s) or phrase(s),

including any punctuation. Click here for a tutorial on how to complete a Highlighting Question.
Social Studies
1 answer:
snow_lady [41]3 years ago
5 0

<u>Answer: </u>

The two categories of when warranties arise with negotiable instruments are the categories of signature liability and warranty liability.

<u>Explanation: </u>

  • Signature liability is the category in which the person in whose custody the negotiable instrument is, is liable for the instrument if his signature appears on the instrument.
  • Warranty liability is the category in which the company issuing the negotiable instrument is responsible for the coverage of the warranty of the instrument.
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