QUESTION 13 1 points Save Answer Leo 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 (Leo) signs it. True or False: This is a "demand" instrument because on Aug. 4, Ed will demand payment. O True False QUESTION 14 1 points Save Answer True or False: Adding the words "for deposit only" to an endorsement, makes it a "qualified" endorsement. O True False QUESTION 15 1 points Save Answer Ed was the holder of a demand note that he presented for payment but payment was refused, that is, it was "dishonored." Ed sold the note to Alice, who did not know it was dishonored and passed all of the tests to qualify as a holder in due course (HDC). Alice sold the note to Maxine, who was aware that it had been dishonored. TRUE or FALSE: Alice cannot have the rights of an HDC because she had "notice of dishonor" when she acquired the note. True O False QUESTION 16 1 points Save Answer Alex 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 (Alex) signs it. True or False: If Alex hands it to Ed, it will be "bearer paper," because Ed will be "bearing" it. True O False