Anna, who cannot read English, signs a promissory note after Ted, her attorney, tells her that it
Question:
Anna, who cannot read English, signs a promissory note after Ted, her attorney, tells her that it is a credit application. Anna has
a. a defense of fraud maintainable against a holder or an HDC.
b. a defense of fraud maintainable against a holder only.
c. a defense against payment on the note under the imposter rule.
d. no defense against payment on the note.
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The answer is a a defense of fraud maintainable against a holder or an HDC Heres why Anna has a stro...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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