QUESTION 33 True or False: The following item, by itself, would violate a negotiability test: The instrument is payable "at the end of the 2020 Major League Baseball World Series." True False QUESTION 34 Ed was the holder of a demand note that he presented for payment but payment was refused, that is, it was "dishonored." Ed sold the note to Alice, who did not know it was dishonored and passed all of the tests to qualify as a holder in due course (HDC). Alice sold the note to Maxine, who was aware that it had been dishonored. TRUE or FALSE: Alice cannot have the rights of an HDC because she had notice of dishonor" when she acquired the note. True False QUESTION 35 True or False: A draft that is not signed by the drawee cannot be negotiable. True False QUESTION 36 Leo issues a written instrument, dated May 25, 2020 that says: "I promise to pay to the order of Ed $1,500 on August 4, 2020," and he (Leo) signs it. True or False: This is a "demand" instrument because on Aug. 4, Ed will demand payment. True False