Defenses That May Be Asserted Against a Holder in Due

question 13

Multiple Choice

Defenses that may be asserted against a holder in due course are called:

• A) personal defenses.
• B) real defenses.
• C) special defenses.
• D) holder in due course defenses.

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Definitions:

Opportunity Cost

Missing out on possible advantages from other choices when a specific choice is made.

Benefit

is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.

Present Value

The existing worth of a forthcoming monetary sum or cash flows, assessed with an agreed-upon rate of return.

Annuity Table

A financial tool used to determine the present or future value of an annuity investment by applying various interest rates and time periods.