Most courts have held that the Holder Rule only comes into play to allow a consumer's claim/defense against the __________ to be asserted against the creditor that is demanding payment under the consumer creditor contract.
A) guarantor
B) seller
C) buyer
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

The Holder Rule allows a consumer's claim or defense against the seller of goods or services to be asserted against the creditor demanding payment under the consumer credit contract. This rule is designed to protect consumers by ensuring that creditors cannot ignore the misconduct of sellers from whom they purchase consumer contracts.

Most Courts Have Held That the Holder Rule Only Comes