Which of the Following Is a "Real" Defense That Is

question 1

Multiple Choice

Which of the following is a "real" defense that is good against a holder in due course of a note?

• A)The maker of the note is 15 years old.
• B)The note was procured by the payee's threat to prosecute the maker for drug dealing.
• C)No consideration was given for the note.
• D)The maker was in a seriously delusional state when he completed the note (but had not been declared insane or institutionalizeD).

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Definitions:

Miller-Orr Model

A finance model that helps in managing cash flows and cash reserves in a business efficiently.

Cash Flows

The aggregate quantity of cash flowing both in and out of a corporation, impacting its liquid assets.

Target Balance

A predetermined amount of money that a company or individual aims to have in an account at any given time.

Minimum Balance

The least amount of money that a bank requires a customer to have in an account to qualify for specific services or to avoid certain fees.