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Ernest signs a writing I promise to pay Dorothy Kettler $10,000 upon demand. Dorothy signs on the back of the writing pay to Kenneth Jones

Ernest signs a writing "I promise to pay Dorothy Kettler $10,000 upon demand". Dorothy signs on the back of the writing "pay to Kenneth Jones" and hands it to Kenneth in exchange for $9,000. Which statement is NOT true as to these facts?

A.

Kenneth is a holder in due course.

B.

Ernest is a maker.

C.

Kenneth is a mere holder with the rights of an assignee (he acquires the rights but assumes the liabilities) of Dorothy.

D.

The writing is not a negotiable instrument because it is not payable to order.

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