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.

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Definitions:

Over The Telephone

A mode of communication or interaction that occurs through voice calls using telephones.

Increased

Refers to a quantity or condition becoming larger in size, number, value, strength, or intensity.

Decreased

Becoming smaller or less; a reduction in size, quantity, or intensity.

Bystander Intervention Effect

The phenomenon in which the presence of others discourages an individual from intervening in an emergency situation.