Mike signed and delivered a note for $9,000 to Paul Payee in exchange for Paul's tractor. Paul transferred the note to Hilda, who promised to pay $7,500 for it. After Hilda had paid Paul $5,000 of the promised $7,500, Hilda learned that Mike had a defense: the tractor was defective. How much, if anything, can Hilda collect from Mike on the note, and why?

What should you do when making a personal appeal to a procrastinator to change his/her work habits? a. use examples of how you were able to overcome procrastination to convince him/her to change. b. relay information you have heard from co-workers. c. do not give any personal information. d. explain how you have been personally impacted by his/her procrastination.