Dani signs a note payable to Equity Credit, which transfers the note by assignment to Finance Collection. With respect to any defenses that Dani could have raised against Equity, most likely Dani can
A)raise those defenses against Finance.
B)no longer present any defense to payment.
C)not assert those defenses against Finance.
D)claim more defenses against Finance than Equity.

Question

Quizplus · Accepted Answer

Dani can raise those defenses against Finance Collection that she could have raised against Equity Credit because the transfer of the note by assignment does not alter the debtor's rights or defenses.

Dani Signs a Note Payable to Equity Credit, Which Transfers