No one who has a real defense is required to pay an instrument.

Name: No one who has a real defense is required to pay an instrument.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Real (or universal) defenses can be used against anyone, including holders in due course. Real defenses include infancy and mental incompetence, illegality and duress, fraud as to the essential nature of the transaction, bankruptcy, unauthorized signature, and alteration.

No One Who Has a Real Defense Is Required to Pay