Question 1:

A. Which defenses are valid against all holders, including holders in due course and holders with the rights of holders in due course? Explain each defense.

B. Conduct some Internet research and find a case that involves a defense used against a holder or a holder in due course.

Briefly state the facts of the case and explain the court's decision. Provide at least a paragraph of your analysis--do you agree with the court's decision--why or why not?

Question 2:

A.What requirements must an instrument meet to be negotiable? Why do you think these are requirements?

Do some quick Internet research concerning a case that involves a holder in due course. Briefly explain the facts of the case, and the court's decision. Do you agree with the outcome? Explain.