Real defenses include all but:
A) forgery of the instrument.
B) minority of the maker.
C) fraudulent alteration.
D) theft of a bearer instrument.

Question

Quizplus · Accepted Answer

Theft of a bearer instrument is not a real defense; it is a personal defense. Real defenses are valid against all holders, including holders in due course, and typically involve issues like forgery, minority, or fraudulent alteration.

Real Defenses Include All But