Of the following, _____ is a real defense.
A) failure of consideration
B) prior payment
C) breach of warranty
D) fraudulent alteration
E) duress
Correct Answer:
Verified
Q16: A holder in due course has a
Q17: The rules about holders in due course
Q18: A purchaser with prior knowledge of a
Q19: If a person to whom an instrument
Q20: Only a holder in due course can
Q22: A note is due October 12, 20XX.
Q23: Of the following, _ is a personal
Q24: If drawers, makers, and subsequent indorsers were
Q25: Fraudulent alteration of an instrument is a
Q26: The Federal Trade Commission (FTC) in 1976
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