Owen is a holder of a promissory note obtained from Purchase Money,Inc.Regarding the defenses against payment of the note to which Purchase Money is subject,Owen,as an ordinary holder,is subject to
A)more defenses.
B)no defenses.
C)some defenses,but not as many.
D)the same defenses.

Question

Quizplus · Accepted Answer

As an ordinary holder, Owen is subject to the same defenses that could be raised against the original payee of the promissory note.

Owen Is a Holder of a Promissory Note Obtained from Purchase