QUESTION 36 2 points An oral contract can be considered a negotiable instrument O True False QUESTION 37 2 points If an instrument is made payable to a person under the wrong name, it is lawful for the payee to endorse undorse the instrument either under her true name or under the mistaken name or both True O False QUESTION 38 2 points Lack of consideration and breach of contract can be asserted as valid defenses to the payment of a negotiable instrument in the hands of a holder in due course True False 2 points QUESTION 39 The form of endorsementindorsement can convert order paper to bearer operor bare paper to order poper True False