44.John inherits a $10,000 promissory note payable to his late father.

a.John is a holder in due course.

b.John is not a holder in due course.

c.John can make himself a holder in due course by indorsing the promissory note, HDC.

d.cannot negotiate the promissory note without first obtaining an order from the probate court.

45.Negotiating an order instrument

a.requires delivery and indorsement.

b.requires delivery and either a written or oral order to pay.

c.requires delivery.

d.must be done in person.

46.An acceleration clause

a.can be used in a mortgage note but no other kind of promissory note.

b.allows the payee of a time instrument to demand payment of the entire remaining amount due.

c.cannot be enforced against a governmental agency (state or federal).

d.is considered unconscionable by the courts of some states.