Question 30 If a person claims "fraud in the inducement they have a: limited defense not available against a holder in due course universal defense available against all holders, limited defense available against all holders universal defense not available against a holder in due course. 2 pts Question 31 A person who is a holder of a negotiable instrument may be denied the status and protection of a holder in due course where: one party is a consumer. the close connection doctrine applies the instrument is bearer paper the instrument is order paper