Article 3 of the UCC contains the following defense/(s):
A) real
B) personal
C) claims in recoupment
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

Article 3 of the Uniform Commercial Code (UCC) includes defenses of various types that can be raised against claims on negotiable instruments. These defenses include real defenses (such as forgery, fraud in the execution, minority of the signer, and illegality), personal defenses (such as breach of contract, fraud in the inducement, and unauthorized completion), and claims in recoupment (which relate to the right to reduce the amount owed on the instrument due to a related claim against the holder). Therefore, all of the choices listed are correct defenses under Article 3 of the UCC.

Article 3 of the UCC Contains the Following Defense/(s)