By presentation or transmission of an item a Reserve Bank warrants to a subsequent collecting bank and paying bank that:

The Reserve Bank has good title to the item
The item has not been altered
The item bears all endorsements applied by parties that have previously handled the item in paper or electronic form
All of these

Answer(s): D

Time to bring action against a Reserve Bank:

A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within two years
A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
Claims against Reserve Banks for warranties given on electronic items that are not substitute checks must be brought within one year
A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
Claims against Reserve Banks for guarantees given on electronic items that are not substitute checks must be brought within one year
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within three years
Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable

Answer(s): A,A,C,C

Time to bring action against a Reserve Bank:

A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within two years
A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
Claims against Reserve Banks for warranties given on electronic items that are not substitute checks must be brought within one year
A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
Claims against Reserve Banks for guarantees given on electronic items that are not substitute checks must be brought within one year
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within three years
Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable

Answer(s): A,A,C,C

Time to bring action against a Reserve Bank:

A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within two years
A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
Claims against Reserve Banks for warranties given on electronic items that are not substitute checks must be brought within one year
A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
Claims against Reserve Banks for guarantees given on electronic items that are not substitute checks must be brought within one year
Claims against Reserve Banks for failure to act in good faith or exercise ordinary care must be brought within three years
Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable

Answer(s): A,A,C,C

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