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Code · Wisconsin · Chapter 403 — Uniform commercial code — negotiable instruments

403.416 Transfer warranties.

61 words·~1 min read·/wi/chapter-403/403-416

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403.416 Transfer warranties.
(1)A person who transfers an instrument for consideration warrants to the transferee and, if the transfer is by endorsement, to any subsequent transferee that all of the following apply:
(a)The warrantor is a person entitled to enforce the instrument.
(b)All signatures on the instrument are authentic and authorized.
(c)The instrument has not been altered.
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