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A "Claim in Recoupment

Question 31

Multiple Choice

A "claim in recoupment":


A) is a claim of the original payee against the obligor of the instrument.
B) must arise from the transaction that gave rise to the instrument.
C) is actually a defense to an instrument,but not an offset to liability.
D) can make a person a holder in due course even if he knows about it before the negotiation.

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