Question

Fran signs a note "payable to the order of guaranty bank." guaranty indorses the note in blank and negotiates it to holly, who sells it to iona. liability associated with the transfer of the note from holly to iona is​

Answer 1

Answer:

warranty

Explanation:

Guarantee is the term used to describe a person's responsibility to deliver, supply, sell or take responsibility for a specific activity at a commercial and economic level, or not. An example of this can be seen in the question above, where Holly and Iona are involved in a buy and sell system, associated with the note "payable to the order of guaranty bank." Liability associated with the transfer of the note from holly to iona is warranty.

Answer 2

Fran signs a note "payable to the order of Guaranty Bank." Guaranty indorses the note in blank and negotiates it to Holly, who sells it to Iona. Liability associated with the transfer of the note from Holly to Iona is a warranty.