Question: Which is a true statement? A. Real defences are effective against holders, holders in due course, and endorsers. B. Defect of title defences are effective

Which is a true statement?

A. Real defences are effective against holders, holders in due course, and endorsers.

B. Defect of title defences are effective against holders and endorsers.

C. Personal defences are effective against holders, and against endorsers if they are an immediate party.

D. All of the responses are true.

E. None of the responses are true.

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