Dishonoring an instrument is the refusal by a drawee to pay an instrument because the holder did
Question:
Dishonoring an instrument is the refusal by a drawee to pay an instrument because the holder did not have proper identification.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
b False The refusal ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
Question Posted:
Students also viewed these Social Science questions
-
Chris, a CPA and formerly a staff accountant for a large public accounting firm, is the new controller for a small construction company that employs 60 people. The company is now facing tough times...
-
I The case * * * involves a bank check. A check is defined as a draft payable on demand and drawn on a bank. [UCC] 3204.*** The case * * * arises from Petitioners irritation with the Bank of Americas...
-
Beth Johnson takes out a 30-year, $575,000 mortgage at 2.99%. Mortgage payments are due at the end of each month, starting with the first month. What is the amount of each mortgage payment? What is...
-
Describe each segment of the value chain and explain why information about costs in the variance segments of the value chain can be useful to managers.
-
Relative Purchasing Power Parity shows the relationship between exchange rates and inflation. The formula is E(St) = S0[1+(hFC-hCDN)]t where h refers to expected inflation in both the foreign country...
-
If the supporting rods of equal diameter are made from 2014-T6 aluminum, determine the required diameter to the nearest 1/16 in. of each rod when P = 80 kip. The allowable normal stress of the...
-
Oakland College is considering outsourcing grounds maintenance. In this regard, Oakland has received a bid from Highline Grounds Maintenance for $295,000 per year. Highline states that its bid will...
-
A "Jan-van-gent" is the biggest sea-bird on the North-sea. The average mass of this bird is 2.8 kg. When he dives to catch fish his velocity exceeds that of 100km/h. a) If we know that he dives from...
-
In Article 3 of the UCC, the term for agent is represented person. a. True b. False
-
Secondary signature liability is conditional in that it is triggered only when an instrument is dishonored. a. True b. False
-
The voltage V produced by an ac generator is sinusoidal. As a function of time, the voltage V is V(t) = V 0 sin(2 ft) where f is the frequency, the number of complete oscillations (cycles) per...
-
The liability of a manufacturer or seller for injury to purchasers, users, and third parties. a. product fl aw b. design de fect c. strict lia bility d. Master Settlement Agreement e. product lia...
-
What provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act are designed to prevent a future financial crisis?
-
Why is the basic earning power ratio useful?
-
What are the two primary reasons for using preemptive rights?
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. A disadvantage to alternative dispute resolution is that it is far more time-consuming...
-
A composite refrigerator wall is composed of 2 in. of corkboard sandwiched between a? in. thick layer of oak and a 1/32 in. thickness of aluminum lining on the inner surface. The average convective...
-
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...
-
Norm is a real estate professional with a real estate trade or business as defined in the tax law. He has $80,000 of business income and $40,000 of losses from actively managed real estate rentals....
-
Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no casualty or theft losses in the itemized deductions. What is Bonitas net...
-
Jim has a net operating loss in 2022. If he does not make any special elections, what is the first year to which Jim carries the net operating loss? a. 2017 b. 2018 c. 2019 d. 2021 e. 2023
-
Luthan Company uses a plantwide predetermined overhead rate of $22.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $272,400 of total manufacturing...
-
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be...
-
Sandy Copper uses the Mookie The Beagle Concierge app during one of her unplanned business trips to request pet care services for Remy, her rescue dog. Services provided by Mookie The Beagle...
Study smarter with the SolutionInn App