List the Claims and Defenses Available to a Holder in Due

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Examlex · Accepted Answer

The Answer is Under Revised Article 3 of the Uniform Commercial Code, there are four categories of claims and defenses available to a holder in due course. These include:
(1) real defenses-which go to the validity of the instrument;
(2) personal defenses-which generally arise out of the transaction that gave rise to the instrument;
(3) claims to an instrument-which generally concern property or possessory rights in an instrument or its proceeds;
(4) claims in recoupment-which arise out of the transaction that gave rise to the instrument.

List the Claims and Defenses Available to a Holder in Due

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