A Holder in Due Course Is Subject to the Defense

question 39

Multiple Choice

A holder in due course is subject to the defense of ________ if the maker of a note wrote it under a threat of force.

• A)fraudulent inducement
• B)infancy
• C)duress
• D)breach of warranty

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Definitions:

Consumption Bundle

A collection or combination of various goods or services that an individual consumer purchases or consumes.

Slope

In mathematics, the slope of a line is a measure of its steepness, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Indifference Curve

An indifference curve represents a graph showing different bundles of goods between which a consumer is indifferent, meaning they derive the same level of utility from each.

Midterm Grade

An evaluative score or assessment typically given to students halfway through a term to indicate their academic performance up to that point.