Multiple Choice
This is a partial defense against a holder in due course (or a person having the rights of a holder in due course) ,and a complete defense against a non-holder in due course.
A) Illegality that makes a contract voidable.
B) Fraud in the inducement.
C) Alteration of the completed instrument.
D) Lack or failure of consideration.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: If a negotiable instrument is payable on
Q16: Explain personal defenses against the payment of
Q29: Which of the following is a real
Q40: Claims and defenses to payment of an
Q41: An instrument which reads "For deposit only"
Q41: If Jamie indorses an instrument in blank
Q42: Under the Revised Article 3,a check deposited
Q47: If an instrument is payable to the
Q49: Carol signs a 30-day note payable to
Q50: A bearer instrument can be validly negotiated