A Lack or Failure of Consideration Is No Defense to Payment

question 42

True/False

A lack or failure of consideration is no defense to payment of a negotiable instrument to any holder.

---

Definitions:

Enterprising

Showing initiative and willingness to undertake new projects.

Detail Oriented

The characteristic of being meticulous and precise, paying close attention to the fine points and specifics.

Conventional

Adhering to accepted standards, norms, or practices; not unusual, radical, or unconventional.

Professional Experience

Work-related knowledge and skill acquired through actual performance in professional roles.