The usual words of negotiability are and debtor; creditor order; bearer principal; agent buyer; seller Fraud in the inducement pertains to the for which an instrument is given. interest payments defenses consideration negotiations Jason has a savings account with First Bank, which also gave Jason a personal loan for $10,000. When Jason stopped making the monthly payments pn the loan, First Bank took the money from his savings account and applied it to the loan. The bank exercised its right of setoff settlement presentment dishonor