Asked by Ashley Dias-Stiefel on Jul 07, 2024
Verified
Which of the following is a personal defense against a holder in due course?
A) Fraud in the essence
B) Forgery
C) Breach of contract
D) Minority or infancy
Personal Defense
Legal strategies or justifications used by an individual to excuse or justify their actions in a civil or criminal legal case.
Holder In Due Course
A person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.
- Discriminate between the available personal and real defenses when facing a holder in due course.
Verified Answer
KK
Katerina KozinskiJul 08, 2024
Final Answer :
C
Explanation :
The breach of contract,including breach of warranty is a personal defense against a holder in due course.
Learning Objectives
- Discriminate between the available personal and real defenses when facing a holder in due course.