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Owen Is a Holder of a Note Obtained from Purchase

Question 55

Multiple Choice

Owen is a holder of a note obtained from Purchase Money, Inc. Regarding the defenses against payment of the note to which Purchase Money is subject, Owen, as an ordinary holder, is subject to​


A) ​more defenses.
B) ​no defenses.
C) ​some defenses, but not as many.
D) ​the same defenses.

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