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Nils is asked to participate as a speaker at an official event, but he decides to write a message declining the request. Which of the following sentences should Nils use to end his message?
Real Defenses
Legal defenses that can be used to challenge the enforceability of a negotiable instrument, such as fraud, duress, or alteration.
Holder in Due Course
An individual who has obtained a negotiable instrument in good faith and for value, and thus has certain rights to the instrument free of many defenses and claims that could be asserted against the original party.
Personal Defenses
Legal arguments or claims an individual can use to avoid enforcement of a contract based on conditions that affect their agreement specifically.
Procedural Defenses
Procedural defenses are legal strategies used in court to challenge the way in which a case has been handled, focusing on errors in the procedures rather than the substance of the case.
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