A defense against payment of commercial paper that claims the instrument was void from the beginning is known as real defense,or absolute defense.

Name: A defense against payment of commercial paper that claims the instrument was void from the beginning is known as real defense,or absolute defense.
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Question

Quizplus · Accepted Answer

A real defense is an absolute defense that attacks the validity of the instrument, such as forgery, lack of capacity or illegality.

A Defense Against Payment of Commercial Paper That Claims the Instrument