true or false

12. Mr Macho Man indorsed the instrument to Ms Babe for the consideration that Mr Man is so much in love with Ms Babe. Ms Babe is not a holder for value as love has no value. ________

13. the instrument provides: pay to the order of B Php 5,000 with interest of 15% p.a. signed X. Since the instrument is not dated, such is not a negotiable instrument as an instrument to be negotiable requires that it be payable at a fixed or future determinable time.____________

14. Juan Tamad is an agent of Juan Kugihan. Juan signed the negotiable instrument Juan Tamad-agent Assuming that the Juan Tamad acted within the scope of his authority and was properly authorized by Juan kugihan, Juan Tamad would not be liable to the instrument.______________________

15. Pedro is a holder of a negotiable instrument payable on demand. If no demand is made, such instrument is not due. ____________