A signature must be the full name of a party. Instruments that say nothing about when payment is due are payable on demand. An instrument "payable to bearer" is negotiated by delivery. An ordinary holder can recover nothing on an instrument that has been materially altered. Each bank in a collection chain must pass a check on before noon of the day of its receipt. Wilson buys a promissory note from Oli. The note is due on December 5. December 5 is a Sunday. is a. payable anytime the week of December 6. b. payable December 6. c. payable on December 5 only. d. defective. Ada is the maker of a note, on which Bart is secondarily liable. Cash & Credit Company (C&C) is the holder of the note. Bart will be obligated to pay the note if a. Ada defaults on the note. b. C&C breaches a transfer warranty. c. C&C negotiates the note to Delta Collection Agency, a third party. d. C&C presents the note for payment. Ellen pays State Bank exist500 plus a service fee to draw a check on itself payable to Pauls Plumbing. the following parties is responsible for paying the check? a. Only Ellen b. Both Ellen and State Bank c. Only State Bank d. None of the parties Clyde issues a check payable to Discount Mart. Elle, Discounts cashier, forges the stores deposits the check in her bank account. Clydes bank, Main Street Bank, pays the check. Clyde can from a. Elle, but not Main Street Bank. b. Main Street Bank, which cannot recover from Elle. c. Main Street Bank, which can recover from Elle. d. no one