"Bob is the holder in due course of a promissory note signed by Betty. If Bob sues Betty on the note, which defense could Betty raise?"
"Betty was defrauded, because the payer promised to loan Betty money but never delivered the funds."
"Breach of contract, because the promissory note was gvien for some business equipment that was completely defective."
Unconscionability
Betty signed the note at a time when she was too young to make a binding legal obligation.
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
