Which of the following is a definition of a universal defense?
A)It is a defense that can be used only against a holder in due course.
B)It is a defense that cannot be used against a holder in due course.
C)It is a defense that can be used only against the first holder.
D)It is a defense that can be used against any holder.

Question

Quizplus · Accepted Answer

Universal defenses are applicable against all holders, including holders in due course, allowing the person against whom the negotiable instrument is presented to avoid liability.

Which of the Following Is a Definition of a Universal