1 points Save Answer True or False: A draft that is not signed by the drawee cannot be negotiable. True False QUESTION 32 1 points Save Answer True or False: If an instrument is made payable to the order of "Ralph Jones and Edna Smith," it must be endorsed by both of them in order to be properly negotiated. O True False QUESTION 33 1 points Save Answer Tom, an HDC, presents a demand note to Ellen for payment and is paid the amount due. But Ellen does not take the note from Tom to destroy it or mark it "paid." Tom takes the note and sells it to Barry, an HDC, who does not know Ellen already paid. Barry presents it Ellen for payment and Ellen says, "Hey, no way, I already paid this off!" and she refuses to pay again. She has a receipt from Tom proving she paid. True or False: Since Ellen has already paid off this note and can prove she did, she will not have to pay Barry again. True False QUESTION 34 1 points Save Answer Tim issues a written instrument, dated May 25, 2020 that says: I promise to pay to the order of Ed $1,500 on August 4, 2020," and he (Tim) signs it. True or False: If Tim just signs it "Tim" and not "Tim Nelson," (his full name), the instrument is not negotiable. O True False