ABSTRACT
Convention; (b) defences based on the underlying transaction between himself and such
holder or arising from any fraudulent act on the part of such holder in obtaining the signature on the instrument of that party;
(c) defences based on his incapacity to incur liability on the instrument or on the fact that he signed without knowledge that his signature made him a party to the instrument, provided that his lack of knowledge was not due to his negligence and provided that he was fraudulently induced so to sign.
