The maker of a note or the drawer of a check or draft may deduct from the amount demanded by an immediate party any amounts owed to him or her by the payee. This type of personal defense is called a:
A) counterclaim.
B) simple claim.
C) commercial claim.
D) declarative claim.

Question

Quizplus · Accepted Answer

This type of personal defense is commonly known as a counterclaim, where the maker of a note or drawer of a check can subtract any amounts owed to them by the payee from the amount demanded by an immediate party.

The Maker of a Note or the Drawer of a Check