QUESTION 24 Cindy is the HDC of a negotiable note issued by Barbara for $1,000. When Cindy presents Barbara's note to her for payment on the due date, Barbara refuses to pay claiming her signature on the note was forged. True or False: Barbara is raising a "real" defense, so even though Cindy is an HDC, she will not get paid. True False QUESTION 25 Tom is the holder of a $200 check that is payable to "bearer." He asks his friend Cathy to cash it for him, i.e., to give him $200 in cash in exchange for the check and she says "Okay." True or False: The check can be properly negotiated to Cathy without Tom's endorsement. True False QUESTION 26 True or False: For a draft to be a "check," it must be payable on demand, and the drawee must be a bank or similar financial institution. True False