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