QUESTION 7 Len makes a gift of a check to Millie who takes it in good faith and without notice of any claim, defense, or defect. With respect to this check, Millie is O a. a good faith purchaser. O b. an ordinary holder. 0 c. an acceptor. 0 d. an ordinary holder in due course. QUESTION 8 An unauthorized signature will not bind the person whose name is signed. 0 True 0 False QUESTION 9 Generally, when an indorsement is unauthorized, the burden of loss falls on the first party to take the instrument. 0 True 0 False QUESTION 10 A person who signs an instrument without authorization can be held personally liable for payment. 0 True 0 False QUESTION 11 Aziz transfers a negotiable instrument to Bhutto. The instrument is not defective if it is O a. transferred the day before its expressed due date. 0 I). transferred the day after its expressed due date. 0 C. outstanding for an unreasonable time aer its date. 0 d. overdue. QUESTION 12 GR8 Products, Inc., warrants its goods to be free of defects. Harold issues an instrument to GRS to obtain goods that prove to be defective. With respect to payment on the instrument, Harold O a. is liable only to a subsequent holder of the instrument. 0 b. has a universal defense against it. 0 C. cannot avoid it. 0 d. has a personal defense against it