A Transferor May Be Able to Set Aside a Negotiation

Multiple Choice

A transferor may be able to set aside a negotiation obtained by fraud or duress unless:

A) a minor is involved.
B) the negotiation was part of an illegal transaction.
C) the negotiation was beyond the powers of the corporation.
D) the instrument has been acquired in the meantime by a holder in due course who did not know of the misconduct.