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"Bob is the holder in due course of a promissory note signed by Betty. If...

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Accounting

  1. "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.

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