________ is a type of personal defense when a wrongdoer makes a false statement to another person to lead them to enter into a contract and issue a negotiable instrument.
A) Forgery
B) Discharge in bankruptcy
C) Fraud in the inducement
D) Extreme duress

Question

Quizplus · Accepted Answer

Fraud in the inducement is a type of personal defense used when a party has been induced to enter into a contract or issue a negotiable instrument due to the false statement made by the other party. This defense is applicable when the party has relied on the misrepresentation made by the other party and was led to take the action based on that misrepresentation.

________ Is a Type of Personal Defense When a Wrongdoer