A universal defense will defeat a holder in due course and a holder through a holder in due course.
Correct Answer:
Verified
Q2: In general,transferees who are aware of facts
Q6: The defense that a signature was forged
Q7: A holder of a negotiable instrument cannot
Q7: Fraud as to the nature or essential
Q8: Ordinarily the maker's lack of capacity may
Q8: To have the status of a holder
Q11: Instruments may not be negotiated if they
Q14: Generally, defenses that could be raised in
Q18: Parties with rights in a negotiable instrument
Q20: The law gives certain holders of a
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