Asked by Canon Graef on Jul 02, 2024
Verified
A defense that is available to a party who is tricked into signing a negotiable instrument without having a chance to determine that it is, in fact, a negotiable instrument is known as ________.
A) negligence
B) recklessness
C) malice
D) strict liability
E) fraud in the factum
Fraud In The Factum
A type of fraud where a person is deceived into signing a document without understanding its true nature or consequences, resulting in an invalid agreement.
- Discern defense strategies against the activation of negotiable instruments and the influence of negligence.
Verified Answer
SS
shahenshah Sultan7 days ago
Final Answer :
E
Explanation :
Fraud in the factum occurs when a person is deceived into signing a document not knowing it is a negotiable instrument, thus making the defense applicable in such situations.
Learning Objectives
- Discern defense strategies against the activation of negotiable instruments and the influence of negligence.
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