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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 12
You have learned about the benefits the law gives to a holder in due course in order to promote business transactions. Such a holder is given immunity against many potential defenses. Consider the ethical implications of this. Is it ethical that the obligee on a negotiable instrument is unable to raise otherwise valid defenses simply because the holder meets the requirements of being a holder in due course?
Explanation
Verified
Verified
Limited Defense:
Limited or personal de...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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