- Defenses, Limitations and Discharge wnen a person vorges an instrument, the person wnose name is vorgeu nas parciar nomlity to pay a nower or any nue the value on the forged instrument False Drag and Drop the appropriate terms into the spaces provided. An alteration is material if it changes the contract terms between two parties in any way. Making a change in the the date, or the rate of interest is material. Material alternation is only a defense against an HDC Whenever an alteration is readily apparent, then the holder cannot be an HDC and therefore cannot the instrument. Minority is a universal defense only to the extent that state law recognizes it as a defense to a simple If a statute provides that an illegal transaction is vold, then the defense is Ordinary duress is a defense against ordinary but not against HDCS. Fill in the blanks with words that would best complete the passage. enforce holders labor agreement agents forget slight negotiable personal amount contract partial universal Check My Work (1 remaining)