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    Exam 32: Negotiation and Holder in Due Course
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    A ________ Is a Claim of the Person Obligated on the Instrument
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A ________ Is a Claim of the Person Obligated on the Instrument

Question 37

Question 37

Multiple Choice

A ________ is a claim of the person obligated on the instrument against the original payee of the instrument.


A) real defense
B) personal defense
C) claim in recoupment
D) claim to an instrument

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