________ are legal reasons for avoiding or reducing liability of an individual who is liable on a negotiable instrument.
A)Personal defenses
B)Procedural defenses
C)Real defenses
D)Excuse defenses

Question

Quizplus · Accepted Answer

Personal defenses are legal reasons for avoiding or reducing liability of a person who is liable on a negotiable instrument.Generally,personal defenses arise out of the transaction in which the negotiable instrument was issued and are based on negotiable instruments law or contract law.

________ Are Legal Reasons for Avoiding or Reducing Liability of an Individual