The Holder in Due Course Rule

The Holder in Due Course rule:

A) alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses.
B) states that all defenses available to the purchaser against the seller are also available against the holder in due course.
C) eliminates rights that the consumer may have as a matter of federal, state, or local law.
D) creates a warranty claim or defense where the product is sold "as is."

Correct Answer:

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