The negotiation of an instrument will depend on whether it is payable to an identified person as
Question:
The negotiation of an instrument will depend on whether it is payable to an identified person as order paper or to the bearer as bearer paper.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a True Order ...View the full answer
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
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
-
Defendant Joshua Herrera pleaded guilty to one count of forgery * * *, reserving his right to appeal the district courts determination that Defendants acts constituted forgery for the purpose of the...
-
1. What type of instrument was the check when Herrera found it? 2. What type of instrument was the check when Herrera added his name to the Pay to line? 3. Could Herrera be charged with forgery?...
-
Appellant/defendant the Hyatt Corporation appeals the lower courts Summary Final Judgment in favor of appellee/ plaintiff Palm Beach National Bank. * * * We affirm. J&D Financial Corporation is a...
-
The milk plant in a city distributes its products by trucks, loaded at a single loading dock. It has its own fleet plus trucks of a private company. The private company has complained that sometimes...
-
Give two examples of management accounting information that would be prepared on a regular basis, and two examples of management accounting information that might be prepared on an ad hoc basis.
-
What is a nudge? Illustrate with examples.
-
Shiloh supplies equipment to the automotive and commercial vehicle markets and other industrial customers. It specializes in materials and designs that reduce vehicle weight and increase fuel...
-
Samantha Montgomery (age 42) is employed by Canon Company and is paid a salary of $62,430. She has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions....
-
help me respond to this, Can I request a little insight on this zoom meetings attendees and the intended end result? Will this information conclusion be going back to the County auditors in a report?...
-
Very few negotiable instruments are ever securitized. a. True b. False
-
Bearer paper requires an indorsement for its negotiation. a. True b. False
-
Calculate the de Broglie wavelength of (i) a mass of 1.0 g travelling at 1.0 cms 1 , (ii) the same, travelling at 100 kms 1 , (iii) an He atom travelling at 1000ms 1 (a typical speed at room...
-
Based on the following a bond quotation, 1) find a semiannual coupon payment based on $1,000 face value, 2) bid and asked price based on $1,000 face value, Rate Maturity Bid Asked Chg Asked Yield...
-
maker model type A 1001 pc A 1002 pc A 1003 pc A 2004 laptop A 2005 laptop A 2006 laptop B 1004 pc B 1005 pc B 1006 pc B 2007 laptop C 1007 pc D 1008 pc D 1009 pc D 1010 pc D 3004 printer D 3005...
-
In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so, then find the "terminal" stock price using a benchmark PE...
-
Consider a single-input single-output data set of the form ((xp, yp), p = 1, 2, ..., 16): X=[xx [y y x=-2.12-1.1 -1 -0.9 -0.2 -0.1 0 0.1 0.9 1 1.1 1.9 2 2.1 3] 31][12 1 2 3 1 2 3 4 2 3 4 3455] (a)...
-
When working with time series data, adding a linear time trend will always solve the problem of spurious correlation a) TRUE b) FALSE c) UNCERTAIN
-
The intensity of sunlight hitting the earth is about 1300 W/m2. If sunlight strikes a perfect absorber, what pressure does it exert? How about a perfect reflector? What fraction of atmospheric...
-
Compare and contrast debt financing and equity financing as ways of starting a new business. Does one have an overall advantage over the other? What situation is more favorable to the use of debt...
-
Elaines original basis in the Hornbeam Partnership was $40,000. Her share of the taxable income from the partnership since she purchased the interest has been $70,000, and Elaine has received $80,000...
-
Debbie and Alan open a web-based bookstore together. They have been friends for so long that they start their business on a handshake after discussing how they will share both work and profits or...
-
Tom quits his job with $150,000 in his employers qualified retirement plan. Since he is broke, Tom instructs the plan trustee to pay him the balance in his retirement account. How much will Tom...
-
The Gerde Clinic, Incorporated, closes its temporary accounts once each year on December 31. The company recently issued the following income statement as part of its annual report: Revenue:...
-
Munoz Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Factory...
-
a. Tropical View had a January 1 beginning balance in its Prepaid Rent account of $2,000. During the year the company made payments for prepaid rent of $800. At the end of the year, December 31, the...
Study smarter with the SolutionInn App