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.

21. When the instrument falls due, Dambo did not immediately set out to present such instrument to the person primarily liable. His reason is that he is going on vacation with his wife for their anniversary. In such case delay if incurred would be excused. _________

22. As a general rule, presentment for acceptance is mandatory in cases of bill of exchange while presentment for payment is optional ___________

23. On June 6, 2023 at 8am, Dambo presented the instrument for payment to Gwapo. On June 16 at 8am, Dambo presented the instrument for acceptance. As of 2pm of June 16, 2023, Dambo did not receive any communication from Gwapo. The instrument as of June 16, 2023, 2pm is not yet dishonored. _____

24. The instrument was dishonored in the hands of Dambo. After the dishonor, the right of recourse against the persons secondarily liable would only accrue after there is notice of dishonor ________

25. The instrument becomes due in June 16, 2023, and there is no more need to demand such instrument to make it due. It is an exception to the rule that there is no delay when there is no demand. _______