Multiple Choice
Which of the following is not a universal defense available against all holders?
A) fraud as to the nature or essential terms of the instrument
B) forgery or lack of authority
C) fraud in the inducement
D) duress depriving control
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q43: In 1976 the FTC adopted a rule
Q44: Parties with rights in a negotiable instrument
Q45: An altered instrument can be enforced according
Q46: Illegality, such as a note for gambling,
Q47: A contract signed by a minor raises
Q48: Fraud as to the nature or essential
Q50: Jose receives a promissory note from his
Q51: Value is similar to consideration..
Q52: Drawers are secondary parties on a note.
Q53: A negotiable promissory note was issued by