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" Every person negotiating an instrument by delivery or by a qualified indorsement, warrants : 1. That the instrument is genuine and in all respects what it purports to be; 2. "
The Pacific Reporter - Page 71
1925
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Greater New York: Bulletin of the Merchants' Association of New York, Volume 13

Boards of trade - 1924
...attached to the bond before its delivery. Each such guaranty shall warrant to all subsequent holders: 1. That the instrument is genuine and in all respects what it purports to be; 2. That the instrument is valid and subsisting; 3. That o_n due presentment, it shall be paid according to...
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