The certainty of the amount of an instrument will not be affected if:

.The specific amount written on the agreement is ambiguous.

b.The principal amount of the instrument is subject to change.

c.Different rates of interest are used in default.

d.The instrument contains voluntary payment obligations.

l

To be negotiable, commercial paper must be certain with respect to:

.The amount of money promised to be paid.

b.Future negotiations between the parties.

c.Prior agreements between the parties.

d.The extent of attorney's fees if collection proceedings are needed.

An instrument will be considered indefinite and non-negotiable if it is to be paid:

.With interest.

b.In annual installment payments.

c.Subject to collection fees if payment is not made.

d.Subject to an event occurring in the future.

TRUE/FALSE

17.

A holder in due course of an instrument will not be able to enforce the instrument if a real defense is proved.

.True

b.False

Payment cannot be enforced by a holder of an instrument in the holder's own name.

.True

b.False