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Negotiability.) 14-2. Material Alteration. Williams purchased a used car from 14-5 Stein for $1,000. Williams paid for the car with a check (written in pencil)

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Negotiability.) 14-2. Material Alteration. Williams purchased a used car from 14-5 Stein for $1,000. Williams paid for the car with a check (written in pencil) payable to Stein for $1,000. Stein, through careful erasures and alterations, changed the amount on the check to read $10,000 and negotiated the check to Boz. Boz took the a check for value, in good faith, and without notice of the alter- TH ation and thus met the Uniform Commercial Code's require- n ments for the status of a holder in due course. Can Williams FO successfully raise the universal (real) defense of material alter- ha ation to avoid payment on the check? Explain. (See Defenses, mi Limitations, and Discharge.) te the

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