A _______________ indorsement is one that gives instructions as to who can negotiate the instrument.

A holder who also gave value for an instrument in good faith and had no prior knowledge of it being overdue, fraudulent or altered is called a holder in _______

A _______ defense is one made by the maker of a note/drawer of a check, claiming the instrument is a fraud, or that he/she made the original agreement under duress.

Due to a rule from the FTC, a holder in due course is not protected from any defense made by an individual consumer purchasing _________________ goods.

The act of physically bringing a check to the drawee bank or showing a note to the maker and demanding payment is called _________________.

ATMs, ACH and PayPal are examples of ____________ transfers of money.

The requirement that a negotiable instrument be a promise/order to pay a ________ sum of money applies to the principal amount, not interest.

If a drawer of a check acts ___________, he/she may face liability for a loss.

The most common method of indorsement is for a person to place his/her __________ on the instrument.