Examlex
Defenses that may be asserted against a holder in due course are called:
Check Kiting
A form of fraud involving the deliberate issuing of checks from insufficiently funded accounts to temporarily inflate financial balances.
Check Defalcation
The misappropriation or embezzlement of funds represented by a check, usually occurring when someone fraudulently misuses a check entrusted to them.
Ponzi Scheme
A deceitful investment scheme that offers high returns with minimal risk to investors, and funds payouts to initial investors through the recruitment of new participants.
Miranda v. Arizona
A landmark Supreme Court case establishing that criminal suspects must be informed of their rights upon arrest, including the right to remain silent.
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