Business, 24.05.2021 16:10 egr1387

Bond fraudulently induces Teal to make a note payable to Wilk, to whom Bond was indebted. Bond delivered the note to Wilk. Wilk negotiated the instrument to Monk, who purchased it with knowledge of the fraud and after it was overdue. If Wilk qualifies as a holder in due course, which of the following statements is correct? a. Monk has the standing of a holder in due course through Wilk.
b. Teal can successfully assert the defense of fraud in the inducement against Monk.
c. Monk personally qualifies as a holder in due course.
d. Teal can successfully assert the defense of fraud in the inducement against Wilk.

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Bond fraudulently induces Teal to make a note payable to Wilk, to whom Bond was indebted. Bond deliv...