The shelter rule provides that a holder through a holder in due course:
a. has all the rights of the payee automatically.
b. has the same rights as a holder in due course.
c. has the right to execute a negotiation without indorsements
d. has greater rights than a holder in due course.
b
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Fraud in the execution of an instrument is a real defense which can be used against a holder in due course
Indicate whether the statement is true or false
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