Asked by Nayda Espinoza on Jul 26, 2024
Verified
Real defenses apply to ________,while personal defenses do not apply to ________.
A) all parties; holders in due course
B) holders; holders in due course
C) holders; endorsers
D) all parties; holders
E) all parties; endorsers
Real Defenses
Legitimate legal defenses available in disputing the validity or enforceability of negotiable instruments.
Personal Defenses
Legal justifications or excuses that an individual can claim to defend against blame or legal liability.
Holders In Due Course
Individuals or entities that have acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be asserted against the prior holders.
- Absorb information on the personal and real defenses unique to negotiable instruments, noting their impact on the legal standing of a holder in due course.
Verified Answer
KG
Kazuno GatakanoJul 27, 2024
Final Answer :
A
Explanation :
Real defenses,also called universal defenses,apply to all parties.Personal defenses do not apply to holders in due course.
Learning Objectives
- Absorb information on the personal and real defenses unique to negotiable instruments, noting their impact on the legal standing of a holder in due course.