The Holder in Due Course rule:
A. states that all defenses available to the purchaser against the seller are also available against the holder in due course.
B. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses.
C. creates a warranty claim or defense where the product is sold "as is."
D. eliminates rights that the consumer may have as a matter of federal, state, or local law.
Answer: A
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