he following endorsements appear on the back of a negotiable promissory note made payable "to bearer".

Pay to Sam North

Alice Fox

Sam North

Clark has possession of the note. As to these facts, which of the following statements is correct?

	A.	Clark can negotiate the note by transfer of possession alone.
	B.	Clark's unqualified endorsement is required to further negotiate the note.
	C.	To negotiate the note, Clark must have given value for it.
	D.	Clark is not a holder because North's qualified endorsement makes the note nonnegotiable.