25. The maker, by making the instrument, has the following liabilities, except: The engagement to pay the instrument according to its tenor. b. The admission of the existence of the payee. C. The admission of the capacity of the payee to indorse the instrument. d. The admission of the right of the holder to enforce payment of the instrument. 26. The acceptor, by accepting the instrument, admits the following, except: a. The existence of the payee. b. The capacity of the payee to indorse. The genuineness of the drawer's signature. d. The right of the holder to enforce payment of the instrument. 27. A check must be written and signed by the drawer for it to be negotiable. In addition, a check must have the following requisites, except: a. It must contain an unconditional order to pay a sum certain in money. It must be payable at a fixed or determinable future time. C. It must be payable to order or to bearer. d. The bank drawes must be named with reasonable certainty. 28. Which of the following defenses may a party to an instrument avail himself of against any holder of a negotiable instrument? a. Want of delivery of incomplete instrument. Want of authority to complete an instrument that was delivered. C. Want of delivery of complete instrument. Want or absence of consideration. 29. Which of the following instruments is negotiable? Treasury warrant. b- Postal money order. C- Letter of credit. d. Trade acceptance. 30. An endorsement where the endorser signs only his name at the back of the instrument is a: Special endorsement b. Blank endorsement C. Qualified endorsement d Restrictive endorsement