Which of the Following Is True About Real Defenses and Personal

Multiple Choice

Which of the following is true about real defenses and personal defenses to liability for negotiable instruments?

A) Real defenses due not apply to all parties.
B) Only real defenses,and not personal defenses,are found in the UCC.
C) Personal defenses do not apply to holders in due course.
D) Real defenses only apply to financial institutions,such as banks.
E) Real defenses due not apply to holders in due course.