Examlex
Which of the following is correct regarding floodplains?
Real Defense
In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.
Duress
An action by one party that forces another party to do what need not be done otherwise.
Personal Defense
In negotiable-instruments law, a defense that can be used against a holder but not against a holder in due course of a negotiable instrument. Also called limited defense.
Payment
The transfer of money or goods from one person or entity to another in exchange for goods, services, or to fulfill a legal obligation.
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