What Is the Effect of the Presence of a Defense

question 23

Multiple Choice

What is the effect of the presence of a defense in connection with a negotiable instrument?

• A) Payment of the instrument can be avoided.
• B) The instrument becomes null and void.
• C) The transfer warranties are no longer applicable.
• D) The maker or drawer becomes liable for damages.

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Definitions:

External Cues

Environmental signals or triggers that can elicit or influence behavior, emotions, or physiological responses.

Circadian Rhythm

The internal process that regulates the sleep-wake cycle and repeats on each rotation of the Earth roughly every 24 hours.

Day-Night Cycle

The 24-hour period that includes one full rotation of the Earth, leading to the natural alternation between daylight and nighttime.