An Ordinary Contract Defense Is a Limited Defense Not Available

question 27

True/False

An ordinary contract defense is a limited defense not available against a holder in due course.

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Definitions:

Constitution Of 1787

The founding document of the United States of America, drafted in 1787, which established the framework of the U.S. government and its fundamental laws.

Slavery

A system where individuals are owned by others, deprived of personal freedom and compelled to perform labor or services without the right to refuse.

Slave Population

The demographic group of people subjected to slavery, focusing on their numbers, distribution, and conditions throughout history, particularly in contexts like the United States before abolition.

Federalism

A system of government where power is divided between a central government and various regions or states.