Real defenses include all but which of the following?
A) Forgery of instrument
B) Minority of maker
C) Material alteration
D) Theft of bearer paper

Question

Quizplus · Accepted Answer

Theft of bearer paper is not a defense, it is a crime. Real defenses refer to valid legal reasons for non-payment of a negotiable instrument, such as lack of consideration, fraud in the execution, and breach of warranty. Forgery of instrument, minority of maker and material alteration are all examples of real defenses.

Real Defenses Include All but Which of the Following