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GR8 Products, Inc

Question 17

Multiple Choice

GR8 Products, Inc., warrants its goods to be free of defects. Harold issues an instrument to GR8 to obtain goods that prove to be defective. With respect to payment on the instrument, Harold


A) is liable only to a subsequent holder of the instrument.
B) has a universal defense against it.
C) has a personal defense against it.
D) cannot avoid it.

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