25. Which of the following is true regarding an indorser's liability on a note? A. A holder can proceed directly against the indorser without first presenting the note to the maker. B. A qualified indorsement by the indorser will not disclaim liability against a holder who takes in good faith and for value. C. For the indorser to be liable, there must be presentment to the maker, dishonor by the maker, and notice to the indorser. D. For the indorser to be liable, there need only be presentment to the maker and dishonor by the maker