11. A holder of negotiable instrument may to sue thereon in his own name and payment to him in due course discharges it. Holder in due course c. Holder NOT in due course b. Holder for value d. All of them 12. "I promise to pay to the order of C Php 10,000.00, 30 days after sight. (Sp() $". The promissory note is negotiable because it is- a. Payable to the order of specific person b. Payable to bearer C. Payable at a fixed or determinable future time d. Letters (a) and (c) are correct 13. A fan (E) obtains the signature of a starlet (G) by way of autograph. He prepared a negotiable promissory note above the starlet's signature. The note was validly negotiated to E who is a holder in due course. What defense can G avail against E? Personal defense c. Real defense (forgery) b. Equitable defense d. Qualified defense