What Are Some Defenses Against a Holder in Due Course

question 17

Multiple Choice

What are some defenses against a holder in due course?

• A) check.is forged
• B) maker was underage.
• C) the check was based on an illegal transaction.
• D) All of these answers are correct.

---

Definitions:

Behavioral Ideals

Principles or standards of behavior considered desirable or exemplary within a society or group.

Ethics

Refers to a set of behavioral ideals or moral principles that guide us in determining right and wrong. We can think of these ideals and principles as a set of core values and beliefs.

Ethical Duty

A moral obligation to act in accordance with ethical principles or standards.

Separation of Church and State

The principle that government must maintain an attitude of neutrality toward religion and not endorse or support any particular religion.