Peters signed a promissory note dated June 1, 2020, in the amount of $3,100 payable to "Harris on December 31, 2020."The note was then endorsed in blankby Harris and then delivered to University as payment for a shipment of magazines. University demanded that Peters pay the note but Peters refused, claiming that he gave the note as a result of misrepresentations of Harris related to a real estate transaction between the two of them. Answer the following:

a.With regard to the note executed by Peters, is University a holder in due course?

b.Can Peters raise Harris' alleged misrepresentation as a defense to University's demand for payment.