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true or false 11. When a bearer instrument is indorsed specially, it cannot be further...

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Accounting

true or false

11. When a bearer instrument is indorsed specially, it cannot be further negotiated by delivery as the instrument cease to be a bearer instrument by a special indorsement._______

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. ____________

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