Fraud in the inception occurs when a party is tricked into signing a negotiable instrument while thinking he/she is signing something else.
Correct Answer:
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Q37: An accommodation party who signs an instrument
Q45: A holder in due course takes negotiable
Q46: Warranty liability is not dependent on one's
Q47: Personal defenses are effective against all holders,whether
Q48: Where an indorsement on an instrument has
Q51: There are two (2)types of implied warranties:
Q52: Duress could be a personal or a
Q53: Cancellation of a negotiable instrument may be
Q54: Transfer warranties cannot be disclaimed with respect
Q55: The last holder of a forged instrument
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