1. In which of the following cases is Bill a Holder In Due Course?
a. Samantha issued a check to Paul.
b. Tammy issued a check to Rod.
c. Travis issued a check to Priscilla.
d. Both b and c
2. Angel investors are lenders who provide funding for new, high-risk ideas.
True False
3. Gilmour LLC wanted to borrow $5000 from Mason. A promissory note was written out in longhand. The note stated that Gilmour LLC promised to pay $5000 on demand to the order of Mason. Ron Waters, president of Gilmour LLC and an authorized signer, signed it with a stamp that said "R.Waters, President."
a. The note is not negotiable because it is handwritten
b. The note is not negotiable because it is signed with a stamp
c. The note is negotiable
d. a and b