Lasorda paid $7,500 for a $10,000 promissory note payable on the day the Chicago Cubs next win
Question:
Lasorda paid $7,500 for a $10,000 promissory note payable on the day the Chicago Cubs next win the World Series. Is the note negotiable? Can it still be collected?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
The note is not negotiable because the terms of the note are specific as to w...View the full answer
Answered By
Tamondong Riza
Professionally, I am a teacher with years of experience tutoring math and science, as well as teaching in both public schools and independent schools. I feel that education should be an enlightening experience for all children, and I'm committed to helping my students learn new skills and make progress in their subjects.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A seven-year, $10 000 promissory note bearing interest at 8% compounded quarterly is discounted four years after the date of issue at 7% compounded semi-annually. What are the proceeds of the note?
-
a. A 5% promissory note for $10 000 was issued 183 days ago. How much cash is needed today to pay the note? b. SportZ has secured a line of credit with the Bank of Alberta. The following transactions...
-
The following expenditures related to property, plant, and equipment were made by Pascal Company: 1. Paid $400,000 for a new plant site. 2. Paid $5,000 in legal fees on the purchase of the plant...
-
The Justice Department has been asked to review a merger request for a market with the following four firms. Firm Assets A .......... $156 million B .......... 130 million C .......... 45 million D...
-
In Problem, discuss the validity of each statement. If the statement is true, explain why. If not, give a counterexample. If n is a positive integer greater than 3, then n! >2n.
-
Refer to the information in QS 26-19 and instead assume the machine has a salvage value of $20,000 at the end of its three-year life. Compute the machines net present value. Data From QS 26-19...
-
How can social media be used to enhance report preparation and presentation?
-
1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation. 2. Draw a supply-demand graph for wireless phones. 3. Use your graph to show how a...
-
The routing tables for routers R1, R2, R3 & R4 are given. Draw the network configuration with all these routers. Indicate the next-hop addresses in the figure. R1: Network Mask Address Next-Hop...
-
1. Gugenheim, Inc. offers a 12 percent coupon bond with annual payments. The yield to maturity is 5.60 percent and the maturity date is 11 years. What is the market price of a $1,000 face value bond?...
-
Parnell was the maker of a promissory note payable to LaSalle. The note was complete and legally correct in all respects except for the following additional terms. Do any of these terms destroy the...
-
Anton drew a check for $750 payable to bearer. Anton gave the check to Brewster. Brewster negotiated it by delivery to Charlois. Charlois negotiated it by delivery to Deltoid. Deltoid tried to...
-
If g() = f(), where f(3) = 4 and f'(3) = 2, find an equation of the tangent line to the graph of t at the point where = 3.
-
The piece rate system is not suitable where the nature of work is repetitive, and quantity is emphasized more than quality. True False
-
Comment on whether understanding human behavior helps in directing.
-
In which decision-making environment are the consequences of every alternative known? Decision-making under risk Decision-making under uncertainty Decision-making under certainty None of the above
-
Which of the following is incorrect? MBO means that employees performance should align with the objectives set by the management 360-degree feedback is a mechanism where an assessee is evaluated by...
-
Which of these includes employee benefits such as provident fund, gratuity, medical care, hospitalization, accident insurance, health and group insurance, mess facilities, uniform, entertainment, and...
-
PK Software has 7.5 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 97 percent of par. What is the current yield on PK's bonds?...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
Brad and Valerie decided to adopt a child and contacted an adoption agency in August 2016. After extensive interviews and other requirements (such as financial status, etc.), Brad and Valerie were...
-
Lou and Stella North are married, file a joint return, and have two dependent children in college, Phil and Jaci. Phil attends a State University in a neighboring state, and Jaci attends a State...
-
Caroline, age 66 and filing single as a dependent of another, received the following income items for the current year: Social Security benefits (nontaxable) ..$ 3,000 Pension benefits (taxable)...
-
Before you begin your website, go online and research what you consider best practices in web design. Find websites for three businesses similar to yours. Analyze them by considering the following:...
-
Assume that part of accounts and other receivables on Thompson Toys' February 2 , 2 0 1 0 , balance sheet is comprised of $ 4 3 , 2 2 5 , 0 0 0 of notes receivable. Two notes make up the amount. The...
-
The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as...
Study smarter with the SolutionInn App