Personal Defenses to Negotiable Instrument

The video tutorial discusses personal defenses against the enforcement of negotiable instruments, focusing on various contract law defenses. It covers breach of contract, failure of a condition, lack or failure of consideration, mistake, waiver or release, prior payment, theft, unauthorized completion, and fraud in the inducement. Each defense is explained in the context of how it can be used to challenge the obligation to pay a negotiable instrument.

What are the personal defenses a payor can use against the enforcement of a negotiable instrument?

Explain how a breach of contract can serve as a personal defense against payment of a negotiable instrument.

What is meant by 'failure of a condition' in the context of personal defenses?

Discuss the implications of a mutual mistake in a contract as a defense against enforcement.

How does fraud in the inducement affect the validity of a contract related to negotiable instruments?