Asked by Vaden Mangler on Jul 07, 2024
Verified
Duress that causes the transfer of a negotiable instrument:
A) prevents its negotiation.
B) is a good defense against a holder in due course of the instrument.
C) is subject to rescission before the instrument is transferred to a holder in due course.
D) is a good defense against the maker of a note.
Duress
Compulsion, force, or pressure to perform an act or make a decision against one's will.
Transfer
The act of moving or conveying property, title, or rights from one entity or person to another.
Negotiable Instrument
A document in writing that ensures the payment of a certain sum of money, either when requested or at a predetermined date, with the document explicitly naming the individual responsible for payment.
- Recognize the available defenses against claims made on negotiable instruments, covering both real and personal defenses.
Verified Answer
Learning Objectives
- Recognize the available defenses against claims made on negotiable instruments, covering both real and personal defenses.
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