QUESTION 20 True or False: The following item, by itself, would violate a negotiability test: The instrument calls for payment of $1,000 plus twenty pounds of red cabbage." True False QUESTION 21 True or False: The following item, by itself, would violate a negotiability test: The instrument is made payable to "bearer" and does not include a named payee. True False QUESTION 22 True or False: An endorsement on the back of an instrument that states "pay to Max" will cause a negotiable instrument to be non-negotiable because it does not say "pay to the order of Max." True False QUESTION 23 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: The endorsement converts the check into "order paper" for Cathy, which is safer. True False