Fraud as to the Nature or Essential Terms of an Instrument

question 48

True/False

Fraud as to the nature or essential terms of an instrument is a limited defense not available against a holder in due course.

---

Definitions:

Attitudes

A settled way of thinking or feeling about something, often reflected in a person’s behavior or responses.

Celebrity Endorser

A famous person who uses their recognition to promote a product, service, or cause, leveraging their influence to reach a wider or targeted audience.

Trustworthy Source

An entity or information considered reliable, credible, and authentic, often based on reputation, expertise, or credentials.

Paid Advertisements

Marketing messages purchased to promote products or services on various media channels.