Only real defences can be used to block the claim of a holder in due course.

Name: Only real defences can be used to block the claim of a holder in due course.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), only real defenses such as fraud or forgery can be used to block the claim of a holder in due course. Other defenses such as breach of contract between the original parties are not valid against a holder in due course.

Only Real Defences Can Be Used to Block the Claim