Because a maker who issues an incomplete note will normally be liable for payment even if the note is later completed in an unauthorized manner, the alteration can be claimed as a defense against an HDC.

Question

Quizplus · Accepted Answer

A maker of an incomplete note who is liable for its unauthorized completion cannot claim alteration as a defense against a holder in due course (HDC), as the HDC takes the note free of this defense.

Because a Maker Who Issues an Incomplete Note Will Normally