A ________ defense is a type of defense that can be raised against both holders and HDCs.
A) universal
B) personal
C) fraud in the inducement
D) breach of contract

Question

Quizplus · Accepted Answer

A universal defense can be raised against both holders and HDCs, whereas a personal defense can only be raised against holders. Fraud in the inducement and breach of contract are specific types of defenses that may or may not be applicable in a given situation.

A ________ Defense Is a Type of Defense That Can