D is corrent. A maker of a note may use real defenses against a holder in due course but not personal defenses. Lack of consideration is a personal defense.
A is incorrect. Infancy is a real defense, which creates a valid defense against a holder in due course.
B is incorrect. Fraud in the execution is a real defense, which creates a valid defense against a holder in due course.
C is incorrect. Forgery is a real defense, which creates a valid defense against a holder in due course.
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