True or false

1. Sally writes a check "Bill and Tom". Both Bill and Tom must indorse that check for it to be negotiable.

2. ABC, Inc. sues Tess, its tenant, for unpaid rent. Tess withheld rental payments because ABC failed to rid her apartment of cockroaches. Tess cannot countersue ABC because she should have filed a lawsuit againt ABC first.

3. All offers to purchase real estate must be in writing in order to be binding.

4. Instruments that are payable on demand are called order instruments.

5. When the name of the payee on an instrument is misspelled, the endorsement becomes invalid.

6. Laura Dern received a check from UMB. She indorsed the check as follows: "for deposit only, /s/ Laura Dern". Laura's indorsement is: Ted and Ginger are friends and they decide to buy real estate together.

7. Ted owns 60% of the property and Ginger owns 40%. They are tenants in common.

8. A will can be created to come into effect during one's lifetime.

9. In a sublease, there is no legal relationship between the landlord and the sublessee.

10. Mandy signs her name with the symbol . . Mandy can use this symbol to sign a negotiable instrument and it is legal.

11. Sally writes a check "Bill and Tom". Both Bill and Tom must indorse that check for it to be negotiable.