Review Mods 23-31 Flashcards
1
Q
A holder in due course takes an instrument free of…
A
Personal defenses
2
Q
A holder in due course takes an instrument free of personal defenses, including…
A
Fraud in the inducement
3
Q
When a party was fraudulently induced into signing an instrument, they…
A
Will still be held liable to a holder with the rights of a holder in due course
4
Q
A holder with rights of a holder in due course under the shelter provision obtains…
A
All the rights of a holder in due course