36. An endorsement in blank has the effect of changing order paper to bearer paper.

True or False

37. An employee who endorses a check for its employer by signing his/her name an adding the words "as agent" will likely be held personally liable if the check is dishonored because the employee should have signed the employer's name.

True or False

38. A qualified endorsement negates the transfer warranties that accompany a promissory note when it is correctly negotiated.

True or False