In connection with a contract under which Ed is to paint Leo's house for $2,000 on Aug. 4, 2020, Leo issues a negotiable instrument that says: I promise to pay to the order of Ed $1,500 on August 4, 2020," and he (Leo) signs it. Ed properly negotiates it to Felix who passes all of the tests to qualify as a "holder in due course (HDC)." Ed then goes ahead and paints Leo's house on Aug 4, 2020, but does a terrible job. Felix shows up that evening with the instrument and presents it to Leo and asks for the $1,500. Leo refuses to pay, raising the "defense" that the work was done badly (which it was). He says he should not have to pay for poor work. True or False: Leo must pay the money to Felix even though the work was poorly performed. True False QUESTION 10 1 points Save Answer Cindy is the HDC of a negotiable note issued by Barbara for $1,000. When Cindy presents Barbara's note to her for payment on the due date, Barbara refuses to pay claiming someone changed the payment amount from $100 to $1,000. True or False: Barbara is raising a "real" defense, so even though Cindy is an HDC she will only get paid $100, not $1,000. True O False QUESTION 11 1 points Save Answer True or False: If an instrument is not negotiable because it is made payable "to Frank" on the front, it will become negotiable if it is endorsed "pay to the order of Carla" by Frank on the back. O True False QUESTION 12 1 points Save Answer Tom is the holder of a $200 check that is payable to "bearer." He asks his friend Cathy to cash it for him, i.e., to give him $200 in cash in exchange for the check. She says she will, but only if he endorses it "Pay to Cathy, (signed) Tom." True or False: If Tom makes the endorsement, he will be responsible for the check if it is dishonored ("bounces"). O True False