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.

11. In the present case, presentment must be made within reasonable time after its issue _______

12. Dambo sends his 16 yr old son Geko to present for payment the instrument to Gwapo. Borak send the instrument with Geko. In such case, presentment is sufficient as presentment could be made for and in behalf of the principal. ______

13. Gwapo lives in Guadelupe Cebu City but holds office at his hardware in Banawa Cebu City. In such case, presentment should be made at his office in Banawa. ______

14. When Dambo presented for payment the instrument, he showed such instrument to Gwapo. When Gwapo asks for the surrender of the instrument, Dambo refused and said that what is necessary in presentment for payment and to be paid in the instrument is just the exhibition of the instrument and not the surrender thereof. Dambo is correct. ______

15. Presume the instrument is payable at the bank. Banking hours is 9am-3pm while business hours for the bank is 8am to 5pm. In such case, the instrument at the option of the holder, in all cases maybe presented from 8am-5pm on a bank business day. _______