A "claim in recoupment":
A) is a claim of the original payee against the obligor of the instrument.
B) must arise from the transaction that gave rise to the instrument.
C) is actually a defense to an instrument,but not an offset to liability.
D) can make a person a holder in due course even if he knows about it before the negotiation.
Correct Answer:
Verified
Q21: Under the Revised Article 3,a check deposited
Q22: Which of the following statements is true
Q23: When the holder of an instrument has
Q24: With instruments payable at a definite time,Revised
Q25: In order to become a holder in
Q27: A holder in due course takes a
Q28: If a check drawn "Pay to the
Q29: An indorsement that contains the signature of
Q31: A qualified indorsement:
A)changes the negotiable nature of
Q37: An instrument which reads "For deposit only"
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