A remote party who fails to meet the standards of a holder in due course is subject to real defences only.

Name: A remote party who fails to meet the standards of a holder in due course is subject to real defences only.
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Question

Quizplus · Accepted Answer

A remote party who fails to meet the standards of a holder in due course is subject to both real and personal defenses. A holder in due course is protected against most defenses, but someone who does not qualify as such does not have this level of protection.

A Remote Party Who Fails to Meet the Standards of a Holder