A person who is pays the negotiable instrument only if a person who is primarily liable defaults on that obligation: Multiple Choice the bank has converted the check by wrongfully paying it. the person whose indorsement was forged has converted the check. the person whose indorsement was forged is liable to the bank. the forger is liable to the person whose indorsement was forged. Chapter 13 of the Bankruptcy Code provides an advantage to the debtor by which: Multiple Choice the debtor is not obligated to reveal all of his assets. unsecured creditors are not recognized as valid creditors. the debtor can avoid the stigma of bankruptcy by getting an opportunity to pay the debts in installments under the protection of a federal court. the court does not appoint a trustee, as it relies on the good faith of the debtor for the settlement of all debts. The rationale for the impostor rule is that the responsibility for determining the true identity of the payee: Multiple Choice is shared by the bank and the maker of the negotiable instrument. is on the drawer or maker of the negotiable instrument. is on the bank that negotiates the instrument. O is on the payee whose name is mentioned in the negotiable instrument. The means test is designed to determine the: Multiple Choice debtor's ability to repay general unsecured claims. creditor's ability to recover unpaid claims from the debtor. court's ability to guarantee exemptions for the debtor. government's ability to bar corporations from availing the provision of discharge of debts. A clause in a mortgage specifies that "if the mortgaged property is sold, then the remaining balance becomes immediately due and payable." This clause is called: Multiple Choice action and sale clause. strict foreclosure clause. due on sale clause. subrogation clause