Which of the Following Is True of Using the Defense

question 31

Multiple Choice

Which of the following is true of using the defense of failure of consideration by a maker or drawer of an instrument?

• A)It can be used when the instrument is negotiated to a holder in due course.
• B)It can be used when no consideration exists in the underlying contract for which the instrument was issued.
• C)It can be used when one of the parties breaches the contract by not furnishing the agreed consideration.
• D)It can be used if a party,induced by a fraudulent statement to enter a contract,is the holder of a negotiable instrument issued as part of the transaction.

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Definitions:

Symbolic Interactionism

A theory in sociology that emphasizes the role of symbols and language as core elements of all human interaction.

Non-verbal Cues

Forms of non-spoken communication such as facial expressions, posture, and gestures that convey information or feelings.

Medieval Society

Social, economic, and political structures that characterized Europe during the Middle Ages, approximately from the 5th to the late 15th centuries.

Social Order

The balance and control of a social system, regulated by norms, values, rules, and law.