True/False
A holder who is neither a holder in due course nor a holder through a holder in due course is subject to every defense, just as though the instrument were not negotiable.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q35: A universal defense is so basic that
Q36: To have the status of a holder
Q37: A(n) _ is an unauthorized change or
Q38: A holder can recover from any of
Q39: A holder is on notice that an
Q41: Ordinarily, a maker's lack of capacity may
Q42: Bill decided that it was time to
Q43: In 1976 the FTC adopted a rule
Q44: Parties with rights in a negotiable instrument
Q45: An altered instrument can be enforced according