Personal defenses are defenses that can be used against:
A)natural persons,but not corporations.
B)a holder in due course of a negotiable instrument,but not a holder.
C)a holder,but not a holder in due course of a negotiable instrument.
D)any party with whom the holder in due course has dealt with.

Question

Quizplus · Accepted Answer

Personal defenses can be used against any holder, including a holder who is not a holder in due course of a negotiable instrument. Therefore, option A and D are incorrect. Option B is also incorrect as personal defenses can be used against a holder in due course as well.

Personal Defenses Are Defenses That Can Be Used Against