defenses Flashcards
1
Q
infancy
A
real defense
2
Q
incapacity
A
real defense
if state law makes it void
3
Q
extreme duress
A
real defense
4
Q
illegality
A
real defense
if state law makes it void
5
Q
fraud in factum
A
real defense
signor not aware he is signing an instrument
6
Q
BK discharge
A
real defense
7
Q
alteration
A
real defense
8
Q
s/l
A
real defense
3 years for checks
6 years for notes
9
Q
who can you assert a real defense against and win?
A
holders
HIDCs
10
Q
issuance
A
personal defense
11
Q
breach of k
A
personal defense
12
Q
normal duress
A
personal defense
13
Q
fraud in inducement
A
personal defense
i am aware i am signing an instrument
14
Q
claim in recoupment
A
personal defense
arising out of transaction giving rise to instrument
