Which of the following defenses,if proven,may be deemed unenforceable by a holder but enforceable by an HDC?
A) extreme duress
B) fraud in inception
C) forgery
D) breach of contract

Question

Quizplus · Accepted Answer

A breach of contract is a personal defense that can be enforced against a holder but not against a Holder in Due Course (HDC), who takes the instrument free of personal defenses.

Which of the Following Defenses,if Proven,may Be Deemed Unenforceable by a Holder