404.207 Transfer warranties.
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/wi/chapter-404/404-207A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
404.207 Transfer warranties.
(1)A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants all of the following to the transferee and to any subsequent collecting bank:
(a)The warrantor is a person entitled to enforce the item.
(b)All signatures on the item are authentic and authorized.