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.

6. Dambo generally indorses the instrument to Estrik. Estrik is a holder in due course. The instrument was dishonored for reason that the instrument was a fake. In such case Dambo would be liable to Estrik. _______

7. Presume that the instrument as stated above is a bearer instrument. Everyone of them negotiates the instrument through delivery except Ambrosio. In such casse, Ambrosio would be liable on the instrument if such instrument would be dishonored _______

8. The instrument was dishonored in the hands of Dambo. Dambo gives a notice of dishonor to Ambrosio which the latter subsequently paid Dambo. Ambrosio would now like to seek reimbursement for the amount he paid Dambo. In such case, Ambrosio may ask reimbursement from Borak as Borak actually benefited from the instrument and is liable on a secondary basis by virtue of his indorsement_______

9. The instrument was indorsed by Fwekik, in his capacity as agent of Ambrosio to Borak. In indorsing the instrument, Fwekik indicated that he is an agent but forgot to indicate Ambrosio as his principal. In such case Fwekik may not be liable on the instrument as the rules on agency provides that for the agency to be valid, it may or may not be in writing. _______

10. In the present case, there is no need for Dambo to present the instrument to the person principally liable to hold such person liable to the instrument _______