A holder in due course is free from the following personal defenses:
A)Lack or failure of consideration and breach of contract.
B)Fraud in the inducement in the underlying contract and breach of contract.
C)Lack or failure of consideration and fraud in the inducement in the underlying contract.
D)Lack or failure of consideration,breach of contract,and fraud in the inducement in the underlying contract.
E)Fraud in the essence,discharge of the party liable through bankruptcy,and material alteration of a completed instrument.

Question

Quizplus · Accepted Answer

A holder in due course is generally free from personal defenses.Personal defenses include lack or failure of consideration,breach of contract,and fraud in the inducement in the underlying contract.

A Holder in Due Course Is Free from the Following