Which of the Following Is True of Real Defenses

question 2

Multiple Choice

Which of the following is true of real defenses?

• A)Real defenses can be used against holders,but not holders in due course.
• B)Anyone who has a real defense is required to pay an instrument.
• C)Real defenses can be used against everyone,including holders in due course.
• D)Real defenses include breach of contract,failure or lack of consideration,fraud in the inducement,and payment.

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Definitions:

Trade Deficit

A situation where a country imports more goods and services than it exports.

Exchange Rate

The price of one currency in terms of another for conversion purposes.

Yuan

The official currency of the People's Republic of China.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.