Question
Write True if the statement is true, False if it is false. All questions are based on the data below. Consider each number separate and
Write True if the statement is true, False if it is false. All questions are based on the data below. Consider each number separate and distinct than that of the other except when it is provided otherwise.
Sexy draws an instrument which orders Gwapo to pay Macho or upon his order Php 10,000. Such instrument was indorsed to Ambrosio then to Borak then to Champorik then to Dambo the current holder. The instrument is payable on June 16, 2023.
16. If subsequent to the issuance of the instrument, Sexy died, presentment for payment must be made to the personal representative of Sexy if such person could be found. ______
17. As it turns out, Sexy and Gwapo are partners in the business of making sukang nakuratan. The instrument was issued by Sexy on an unrelated matter in reference to the partnership. In such case, since Sexy and Gwapo are partners, then such instrument may be presented to Sexy or Gwapo. _______
18. Sexy and Gwapo are not partners. Since Sexy and Gwapo are not partners, then the instrument must be presented to both of them _______
19. Sexy and Gwapo did not know each other, nor did Sexy or Gwapo ever met. There was never any transaction or prior or present obligation between the two. In such case, there is a need to present the instrument to Sexy to make her liable on the instrument ________
20. Gwapo accepted the instrument for the accommodation of Sexy. In such there is no need to present the instrument to Sexy. _______
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