The deduction of amounts owed claimed by the maker of a note or the drawer of a
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The deduction of amounts owed claimed by the maker of a note or the drawer of a draft from the amount demanded by an immediate party.
a. bearer ins trument
b. blank indors ement
c. counterclaim
d. dishonorment
e. holder in due course
f. indorsee g. indorsement h. indorser i. material a lteration j. personal de fense k. qualifi ed indorsement l. presentment m. real, or absolute, defense n. restrictive indors ement o. special, or full, indorsement
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