In general,the alteration of a completed negotiable instrument:
A)is a complete defense against a holder in due course.
B)is no defense whatsoever against a holder in due course.
C)means that a holder in due course can enforce the instrument against the maker,but only according to its original tenor.
D)means that a holder in due course can enforce the instrument as modified.

Question

Quizplus · Accepted Answer

The alteration of a completed instrument is a partial defense against a holder in due course (or a person having the rights of a holder in due course)and a complete defense against a nonholder in due course.A holder in due course can enforce an altered instrument against the maker or drawer according to its original tenor (terms).

In General,the Alteration of a Completed Negotiable Instrument