Which of the Following Is True of Real Defenses

Multiple Choice

Which of the following is true of real defenses?

A) Real defenses can be used against holders,but not holders in due course.
B) Anyone who has a real defense is required to pay an instrument.
C) Real defenses can be used against everyone,including holders in due course.
D) Real defenses include breach of contract,failure or lack of consideration,fraud in the inducement,and payment.