Universal Defenses Work Against All of the Following Except

question 14

Multiple Choice

Universal defenses work against all of the following except:

• A) holders.
• B) holders through a holder in due course.
• C) holders in due course.
• D) secondary parties.

---

Definitions:

Global Corporation

A firm that has integrated worldwide operations through a centralized home office.

Multidomestic Corporation

A company that operates in multiple countries, tailoring products, marketing, and operations to fit the cultural and societal needs of each location.

Third-Country National

An employee who is a citizen of one country, working in a second country, and employed by an organization headquartered in a third country.

Home-Country National

A term referring to employees who are working in their country of origin.