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• C) The transfer warranties are no longer applicable.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:

P. Aurelia

A species of single-celled ciliate protozoa that is often studied in genetics and biology.

Mimicry

An evolutionary pattern in which one species becomes more similar in appearance to another.

Hoverflies

Flying insects that belong to the family Syrphidae, known for their ability to hover in place and are important as pollinators.

Uncanny Resemblance

A striking similarity or likeness between individuals, objects, or scenarios that is often surprising or eerie due to its precision.