Which of these is true regarding “failure of consideration” and”lack of consideration”? A. They’re personal defenses which cannotbe used against holders in due course. B. They’re real defenseswhich can be used against holders in due course. C. Failure ofconsideration is a personal defense and lack of consideration is areal defense. D. Failure of consideration is a real defense andlack of consideration is a personal defense.
Expert Answer
the correct option is
A. They’re personal defenses which cannot be used againstholders in due course