Home Products, Inc., warrants its goods to be free of defects. Ian issues an instrument to Home Products for the purchase of a thermos that leaks. With respect to payment on the instrument, Ian
A) is liable only to a subsequent holder of the instrument.
B) has a universal defense against it.
C) has a personal defense against it.
D) cannot avoid it.
Correct Answer:
Verified
Q24: Rubin writes a check drawn on his
Q34: Duke signs a note "payable to the
Q58: Logan is Mining Corporation's agent and is
Q64: Colin signs a note "payable to the
Q65: Employment Company draws a check payable to
Q70: Raul wants to transfer a check to
Q71: Doyle gives a check to eMarket Finance
Q71: Equity Credit Company has in its possession
Q72: Vera gives Will a $500 check as
Q72: Kris transfers a note, on which Liu
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents