10 20 Time Left:0:59:09 Jennifer Kowalski: Attempt 1 Question 21 (Mandatory) (1 point) Because banks rely on transfer warranties in the cheek-collection process, there warranties cannot be disclaimed with regard to checks True False Question 22 (Mandatory) (1 point) If an instrument is payable within a definite period of time after being presented for payment, the maker or drawee is under no obligation to pay until that time. True False 8 Question 23 (Mandatory) (1 point) 21 A promissory note signed to obtnin a student loan is a negotiable instrument that fanctions as an extension of credit True False 24 Question 24 (Mandatory) (1 point) Ina Chapter 1 proceeding a debtor corporation and its creditoru agree on a plan under which the corporation pays a