Martha is elderly,does not speak or read English very well,and is unsophisticated in business matters.A salesman convinces her to sign a negotiable note by telling Martha that it is a receipt for his visit.The salesman properly negotiates this note to a holder in due course,who tries to collect from Martha.Martha's defense to this note is:
A) breach of contract, a personal defense.
B) fraud in the inducement, a real defense.
C) fraud in the inception, a real defense.
D) extreme duress, a real defense.
E) illegality, a real defense.
Correct Answer:
Verified
Q104: Sally has a note from Alice for
Q105: Zelda,the bookkeeper for Travel Unlimited,Inc.,is responsible for
Q106: Assume Susie borrows $500 for school tuition
Q107: On January 10,2000,Jonathan writes a check,payable to
Q108: Mike approaches you and tells you that
Q110: Lisa purchases a home theater system from
Q111: Who is discharged if a holder strikes
Q112: How does the definition of value for
Q113: Betty issues a note payable to the
Q114: ABC Corporation,a large corporation,calls Joe's Plumbing Service
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents