QUESTION 1 Hedy draws a check "payable to the order of Ilsa or Jeto" and gives the check to Ilsa. Hedy's obligation on the check to Jeto is O a. discharged O b. suspended. O c. to hold the full amount of the check for the benefit of both payees. O d. to render half of the amount of the check to each party. QUESTION 2 Vel indorses in blank a check payable to her order, and then loses it. Wang finds the check and, without indorsing it, sells it to Xhi. This is O a. an assignment. O b. a trade acceptance. c. a negotiation. O d. a bank transfer. QUESTION 3 Edna is the payee of a bearer instrument-a promissory note in the amount of $10,000. Flem offers to irrigate Edna's ranch next week in exchange for the note. She agrees and delivers the note to Flem. Flem is O a. not an HDC, because he did not yet give value for the instrument. O b. an HDC, because the transferor was the original payee on the note. O c. an HDC, because he promised to perform services at a future date. O d. not an HDC, because he did not acquire the instrument in good faith