Only personal defenses and not universal defenses may be asserted against an HDC.

Name: Only personal defenses and not universal defenses may be asserted against an HDC.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Universal defenses can be asserted against an HDC, such as lack of consideration, fraud in the execution of the instrument, and incapacity or lack of authority on the part of the signatory. However, personal defenses, such as breach of contract or lack of delivery, will not be effective against an HDC.

Only Personal Defenses and Not Universal Defenses May Be Asserted