QUESTION 5 True or False: A note that states the promise to pay is in accord with our agreement of 8/15/2019," cannot be negotiable because it refers to a document "outside" the instrument. True False QUESTION 6 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: This is a "restrictive" endorsement that makes it safer to deposit in a bank. True False QUESTION 7 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