A negotiable instrument is only as good as the person who originally created it. If that person
Question:
“A negotiable instrument is only as good as the person who originally created it. If that person has no money, the person who holds the negotiable instrument cannot possibly obtain payment under the instrument.” Is that statement true? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
The statement is not true The person who creates a negotiable instrument is primarily liable to make ...View the full answer
Answered By
David Muchemi
I am a professional academic writer with considerable experience in writing business and economic related papers. I have been writing for my clients who reach out to me personally after being recommended to me by satisfied clients.
I have the English language prowess, no grammatical and spelling errors can be found in my work. I double-check for such mistakes before submitting my papers.
I deliver finished work within the stipulated time and without fail. I am a good researcher on any topic especially those perceived to be tough.
I am ready to work on your papers and ensure you receive the highest quality you are looking for. Please hire me to offer my readily available quality service.
Best regards,
4.60+
27+ Reviews
61+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Explain the nature and effect of a postdated cheque. Describe a situation in which postdated cheques often are used.
-
Identify and briefly explain seven types of endorsement.
-
When does a corporation need a licence to operate in a particular province?
-
A 100-m-long conductor of uniform cross section has a voltage drop of 4 V between its ends. If the density of the current flowing through it is 1.4 x 106 (A/m2), identify the material of the...
-
The top tray of a distillation column and the condenser arc at a pressure of 20(psia). The liquid on the top tray is an equimolar mixture of n-butane and n-pentane. The vapor from (he top (ray....
-
Determine the mass moment of inertia of the steel fixture shown with respect to (a) The x axis, (b) The y axis, (c) The z axis. N 16 mm 40 mm 24 mm 70 mm y 50 mm 38 mm 80 mm 50 mm X
-
Can you present a graphic that presents the payroll disbursement amounts by date for the contact employee who has been terminated but has been paid after termination (i.e., ghost employees)?
-
Harris Systems specializes in servers for workgroup, e-commerce, and ERP applications. The companys original job costing system has two direct cost categories: direct materials and direct labor....
-
decribe the health sttsus of unit members (if any of the family describe below)Mother (29yo) and Father (32yo) 2 children (1 elementary, 1 high school) Origin: Mohawk (from Kahnawake) Address: 295,...
-
You have been asked to determine a rough schedule for a nine-month Billing System Conversion project, as part of your job as a consultant to a Fortune 500 firm. The firm's old system was written in...
-
What is the main advantage of receiving the negotiation of an instrument rather than the assignment of a contract?
-
A cheque becomes staledated only when the statutory limitation period lapses. Is that statement correct? Explain your answer.
-
What does it mean to say that an interest runs with the land? Provide two examples of interests that run with the land.
-
On December 31st 2023 the City of Mordor leased a piece of equipment from the Gandoff Company for 5 years agreeing to make annual payment of $40,000 beginning December 31, 2023 At the end of the...
-
Blue Ice Limited has $10B in assets and its tax rate is 25%. The firm's Basic Earning Power ratio is 18% and its return on assets (ROA) 12%. What is Blue Ice Limited TIE ratio?
-
Discuss why subsurface colonies on the loop dilution method pour plates showed varying shape versus surface colonies.
-
4. What role do stars play in the film industry? How has that evolved over time? How are stars generally recruited and compensated?
-
You return from a business trip and need to add receipts to your expense report. You should have a receipt for each event. You have the following receipts: Round-trip flight Rental car Conference...
-
Describe your current status based on the personal financial planning life cycle shown in Exhibit 1.7. Fill out Worksheet 1.1, "Summary of Personal Financial Goals," with goals reflecting your...
-
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
-
Define the phrase common carrier. Is every business that transports goods for a price a common carrier? Explain your answer.
-
Explain the concept of deviance and explain how it is related to the defence of reasonable care that exists in a case of bailment.
-
Why does the law sometimes shift the burden of proof when the bailor complains that property has not been returned in a timely manner or in good condition? Briefly describe the situation in which the...
-
ABC Company is preparing its 2018 financial statements. I ncome from C ontinuing O perations ( ICO ) for 2018 was determined to be $1,800,000, but upon further review, ABC's accountant is not certain...
-
1. You invested $3,640 in a certain stock 24 years ago. You decided to sell your shares today, the rate of return would be 1.9%. How much money would you earn if you sell your shares today? Round...
-
You interviewed a property realtor and advise in report the following: 1) Explain why understanding communication styles is beneficial for a career in sales? 2) What is your style? (do the self...
Study smarter with the SolutionInn App