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true or false fraud in the execution in generally a valid…

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true or false ? fraud...
true or false ? fraud in the execution in generally a valid defense againsy a holder in due course, whereas fraud in the inducement is not?
Submitted: 8 years ago.Category: Legal
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Answered in 14 minutes by:
6/15/2010
Lawyer: Thomas Swartz, Attorney replied 8 years ago
Thomas Swartz
Thomas Swartz, Attorney
Category: Legal
Satisfied Customers: 3,269
Experience: Twenty one years experience as a lawyer in New York and New Jersey. Former Appellate Law Clerk.
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Hello JACUSTOMER,

False. UCC § 3-305(a)(1)(iii).

Thomas
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