Fraud as to the nature or essential terms of an instrument is a limited defense not available against a holder in due course.
Correct Answer:
Verified
Q2: A universal defense is so basic that
Q3: If a person signs a negotiable instrument
Q4: A person who acquires an instrument with
Q5: A holder through a holder in due
Q6: Bad faith may exist because a transferee
Q8: To have the status of a holder
Q9: A person cannot become a holder through
Q10: A holder can recover from any of
Q11: Value is similar to consideration..
Q12: Instruments may be negotiated even if it
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