Which of the following is a real defense that can be used to avoid or reduce liability on a negotiable instrument?
A) Fraud in the inducement
B) Discharge in bankruptcy
C) Breach of contract
D) Conditional issuance

Question

Quizplus · Accepted Answer

There are some claims and defenses to payment of an instrument that go to the validity of the instrument. These claims and defenses are known as real defenses. Real defenses include discharge in bankruptcy.

Which of the Following Is a Real Defense That Can