Question
A claim in recoupment: a. is a claim of the original payee against the obligor of the instrument. b. must arise from the transaction that
A "claim in recoupment":
a. is a claim of the original payee against the obligor of the instrument.
b. must arise from the transaction that gave rise to the instrument.
c. is actually a defense to an instrument, but not an offset to liability.
d. can make a person a holder in due course even if he knows about it before the negotiation.
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Researching The Law Finding What You Need When You Need It
Authors: Amy E. Sloan
3rd Edition
1543813364, 978-1543813364
