Question

Brower is a holder of a promissory note obtained from AMCO Credit Union, Inc.

Regarding the defenses against payment of the note to which AMCO is subject, Brower, as an ordinary holder, is subject to _______.

Answer 1

The same defenses

Step-by-step explanation:

All actions on promissory notes, other contracts or bonds, whether express or implied, that the payment of money are subject to the kind of defense the payor, obligor, or debtor had against the payee, creditor or obligee. Based on the notice of transfer or assignment.