If a Consumer Bill or Note Is Marked "Consumer Purchase

question 49

True/False

If a consumer bill or note is marked "consumer purchase" as required by the Bills of Exchange Act, the maker may raise a defence against a finance company that takes the bill or note for value and through endorsement based on breach of contract by the payee.

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Definitions:

Income

The financial return or earnings from work, investments, or property, typically measured on an annual basis.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and directed research.

Gestational Surrogate

A woman who carries and delivers a child for another person or couple, with the child being genetically unrelated to the surrogate.

Egg Donor

A woman who provides one or several of her eggs (oocytes) to another person or couple for reproductive purposes, usually as part of a fertility treatment process.