Multiple Choice
Felicia,an elderly woman,does not speak or read English well.Felicia is a recent immigrant to this country.A dishonest immigration officer tells Felicia to sign several documents as being necessary to maintain her legal immigration status.Unknown to Felicia,she signs a promissory note.The immigration officer thereafter sells the note to Neighborhood Bank,a holder in due course,who goes after Felicia for payment of the note.Felicia's defense to the Neighborhood Bank is
A) fraud in the inducement;a real defense.
B) fraud in the execution;a real defense.
C) unauthorized completion;a personal defense.
D) breach of contract;a real defense.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: With non-negotiable commercial paper,a transferee's rights are
Q2: Margo is in possession of a check
Q4: Sprock is a holder in due course
Q5: In which case would the holder in
Q6: The term "issuer"<br>A)is not used in relation
Q7: A possessor of non-negotiable commercial paper has
Q8: Kent Weston wrote a check for $500
Q9: There are three parties on a promissory
Q10: In June,The Seascape Gallery sells an oil
Q11: Because negotiable instruments are more valuable than