7. John buys a McDonalds franchise. McDonalds and John are in order a. Franchisee and franchisor b. Franchisor and franchisee c. Both are franchisors d. Both are franchises 8. John borrows money from Bob. Bob required John to sign a promissory note with standard terms (including an acceleration clause) and requiring John to make 12 consecutive monthly payments of $1,000 due on the 1 st day of each month to repay back the loan. After making four(4), payments, John defaults on the 5th payment. Bob cab sue him to collect A. $1,000 b. $4,000 c. $8,000 d. $2,000 9. Anna enters into a promissory note to borrow $10,000 from John and will pay him back with ten consecutive $1,000 monthly payments. Anna delivers to John a check drawn on her Chase Bank account for the correct amount on the first payment date. John takes it to his bank and deposits it. Anna is properly called in order in time on the note and a of that check. a. Holder...maker b. Maker...drawee c. Drawer...payee d. Maker....drawer 10. Anna placed $100,000 into Wells Fargo National Bank and was given a Certificate of Deposit saying she must leave the funds on deposit until October 28,2023 where they will earn 3.0% per annum interest. On April 28, 2023, she withdraws all her available funds to pay for an operation. She will be able to withdraw at that time. a. $100,000 b. $101,500 c. $103,000 d. $105,000