Pritty Products sells shoddy goods to consumers for promissory notes, and sells the notes to Quik Finanz Company. Pritty Products goes out of busi?ness. The con?sumers may be able to avoid payment on the notes under

Question

Quizplus · Accepted Answer

FTC Rule 433, also known as the "Holder in Due Course" rule, allows consumers to assert claims and defenses against the holder of a promissory note if the goods or services purchased were defective.

Pritty Products Sells Shoddy Goods to Consumers for Promissory Notes