Edie Fraudulently Induces Franco, a Consumer, to Sign a Promissory

question 72

Multiple Choice

Edie fraudulently induces Franco, a consumer, to sign a promissory note to buy a speedboat. Edie sells the note to Gus, who takes it for value, in good faith, and without knowledge of the fraud. With respect to the defense against payment on the note to Edie, Franco can​

• A) ​assert this defense against Gus.
• B) ​file for a property exemption.
• C) ​exercise the right of subrogation.
• D) ​obtain a deficiency judgment.

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Definitions:

Shellfish Contamination

refers to the pollution or harmful contamination of shellfish (such as oysters, clams, and mussels) by pollutants including chemicals, heavy metals, and pathogenic microorganisms which can render them unsafe for human consumption.

Respiratory Irritation

The discomfort or inflammation of the respiratory tract, often caused by pollutants, allergens, or pathogens, leading to symptoms like coughing or difficulty breathing.

Excess Nitrogen

An overabundance of nitrogen in the environment, often resulting from agricultural fertilizers, which can lead to water pollution and ecosystem imbalances.

Fertilize Farmland

The addition of nutrients to agricultural soils to enhance plant growth and crop yields.