Multiple Choice
________ are legal reasons for avoiding or reducing liability of an individual who is liable on a negotiable instrument.
A) Personal defenses
B) Procedural defenses
C) Real defenses
D) Excuse defenses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q44: Tom contracts with Susan to build her
Q45: The new revision of Article 3 no
Q46: Negotiation,as defined by the UCC in section
Q47: A person who takes an instrument containing
Q48: An indorsement is a signature of the
Q50: If a check is drawn "Pay to
Q51: The City mails Joe Marsh a refund
Q52: A bank or person who _ an
Q53: If the holder's name on an instrument
Q54: A qualified indorsement is one where the