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Question
Cash National Bank is an HDC of a note for $1,000 on which there is the forged signature of "Dudley." If sued on the note by Casha. Dudley must pay the note.
b. Dudley's best defense would be fraud in the execution.
c. Dudley's best defense would be material alteration.
d. Dudley's best defense would be forgery.
Answer
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