20. I: A person whose signature does not appear on the instrument may be liable therefore. Il: When the instrument is not dated, it will be considered to be dated as of the time it was drawn, made or endorsed. 3. Both statements are true b. First statement is false; second statement is true C. Both statements are false d. First statement is true; second statement is false 21. I: There is a valid payment when negotiable instrument is delivered and accepted by the creditor. Il: Creditors are bound to accept checks in payment of obligation. a Both statements are true b. First statement is false; second statement is true C. Both statements are false d. First statement is true; second statement is false 22. I: Liability of the endorser is primary. II: An instrument becomes an overdue after its date of maturity. a. Both statements are true b. First statement is false; second statement is true Both statements are false d. First statement is true; second statement is false 23. Which of the following does not discharge the instrument? a- Payment in due course by the accommodated party. b. Intentional cancellation of the instrument by the holder. C. When the principal debtor becomes the holder in his own right before maturity. d. Payment in due course by or on behalf of the principal debtor. 24. A party secondarily liable is discharge through any of the following means, except by the: a. Intentional cancellation of his signature by the holder. b. Discharge of a prior party. C. Release of the principal debtor. d. Extension of the time of payment which is assented to by such party secondarily liable