Fraud in Factum

question 24

Multiple Choice

Fraud in factum:

• A) occurs when a person is persuaded to execute an instrument because of fraudulent statements.
• B) occurs when a person signs an instrument as a result of being fraudulently deceived regarding essential terms.
• C) is not a universal defense.
• D) cannot be raised against a holder in due course.

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Definitions:

Attributes

Characteristics or qualities that describe an entity, individual, or group.

Team Player

An individual who works well within a group, often putting the team’s goals ahead of personal gains.

Independently

Acting or making decisions without input or influence from others.

"My Own Thing"

An expression referring to pursuing one's personal interests or activities independently of others.