Multiple Choice
Rafe signs a check payable to Shop Mart, which transfers the note by negotiation to Trans-State Bank. With respect to any defenses to payment on the note that Rafe could have raised against Shop Mart, most likely Rafe can
A) raise those defenses against the bank.
B) no longer present any defense to payment.
C) not assert those defenses against the bank.
D) claim more defenses against the bank than Shop Mart.
Correct Answer:
Verified
Correct Answer:
Verified
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