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LSDefine

Simple English definitions for legal terms

presentment warranty

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A quick definition of presentment warranty:

A presentment warranty is a promise made when someone presents a check or other financial instrument for payment. The person presenting the instrument promises that the instrument is valid and that they have the right to receive payment for it. If the instrument turns out to be invalid, the person who made the presentment warranty may be responsible for any losses that result.

A more thorough explanation:

A presentment warranty is an implied promise made by the presenter of a negotiable instrument, such as a check or promissory note, to the payor or acceptor that the instrument is genuine and has not been altered. This warranty is made at the time of presentment for payment or acceptance of the instrument.

For example, if John presents a check to Jane for payment, he is making a presentment warranty to Jane that the check is genuine and has not been altered. If the check turns out to be fraudulent or altered, Jane can hold John liable for any damages she incurs.

Presentment warranties are governed by the Uniform Commercial Code (UCC) and are an important protection for parties involved in negotiable instruments.

presentment of Englishry | presents

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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