Real Defenses to Payment of Negotiable Instrument

The video tutorial discusses real defenses to the enforcement of negotiable instruments, focusing on the elevated status of a holder in due course. It explains various real defenses such as forgery, bankruptcy, alteration, duress, mental incapacity, illegality, and fraud in fact. These defenses can prevent the enforcement of payment obligations under certain conditions, even for holders in due course.

What is the significance of holder in due course status in relation to personal defenses?

Can you explain what constitutes a real defense against payment of a negotiable instrument?

How does forgery of a negotiable instrument serve as a real defense?

What are the implications of bankruptcy on the obligation to pay a negotiable instrument?

In what ways can duress or mental incapacity affect the enforcement of a negotiable instrument?