When a negotiable instrument contains the notice required under FTC Rule 433, a consumer can bring any defense to payment that he or she has against the seller of a product against a subsequent holder as well.
Correct Answer:
Verified
Q2: Presentment war?ranties cannot be disclaimed with respect
Q3: Notice of dishonor can be given in
Q5: Warranty liability arises only when a transferor
Q6: In some situations, the unauthorized indorsement of
Q7: All parties to a negotiable instrument will
Q8: On drafts and checks, a drawer's secondary
Q9: A person who signs an instrument without
Q10: If delivery of goods becomes impossible, a
Q15: The general law of agency does not
Q35: The completion of an originally incomplete instrument
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