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| Watson made out a negotiable promissory note to the order of Kerrigan as payment for a computer that Kerrigan promised to deliver that afternoon. Kerrigan immediately endorsed the note over to his daughter as a gift. Kerrigan’s daughter was unaware that her father failed to deliver the computer until she tried to get payment on the note from Watson. Which of the following is correct? A. Watson need not pay on the note because the holder is a close relative of the person who failed to deliver. B. Kerrigan’s daughter qualifies as a holder in due course because she was unaware of the nondelivery. C. Watson need not pay on the note because he has a personal defense. D. Watson need not pay on the note because he has a real defense. |