Question

The holder in due course is free from the following personal defenses:

A. lack or failure of consideration and breach of contract.

B. fraud in the inducement in the underlying contract and breach of contract.

C. lack or failure of consideration and fraud in the inducement in the underlying contract.

D. lack or failure of consideration, breach of contract, and fraud in the inducement in the underlying contract.

E. the holder in due course is not free from any personal defenses.

Answer

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