Bill signed a promissory note for $10,000 to Mary in payment of 1,000 boxes of girl scout cookies. Mary negotiated the note to Sally, a holder in due course, for $9,000. Sally comes to Bill to collect his note. What defenses are NOT successful against Sally, the HDC?

 a.The defense that the cookies were never delivered.

 b.Fraud in the inducement.

c. Fraud in the execution.

 d.a. and b.

Answer rating: 100% (QA)

ANSWER The answer to the given question is point C Fraud in ... View the full answer