Question: Miranda received a draft in the mail and is concerned it is not valid. What issue or feature could invalidate a draft? The draft is

Miranda received a draft in the mail and is concerned it is not valid. What issue or feature could invalidate a draft?
The draft is a sight draft.
No drawee is mentioned.
The draft is dated ten days earlier.
The draft does not include a definite time for payment.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Part 1: The Circular Flow Model Use the numbers on the circular flow model to label the shapes and arrows indicated on the model with the terms listed below. Pay very close attention to the direction...

Q:

VIEW THE STEP-BY-STEP SOLUTION TO: Title: ABC Appliance Inherent Risk and Control Design Assessment Prepare Inherent Risks and Control Design Assessment. This course project/case... I.Title: ABC...

Q:

VIEW THE STEP-BY-STEP SOLUTION TO: Title: ABC Appliance Inherent Risk and Control Design Assessment Prepare Inherent Risks and Control Design Assessment. This course project/case... I.Title: ABC...

Q:

Read the Southwest ApplianceInherent Risk andControlDesign I uploadedthat describesTask 3 beginning on page 20. You will also need to refer back to the case description to perform the assigned task....

Q:

Southwest Appliances Inc. WP B.2.1 Inherent Risk and Materiality Memo Initials Date Prepared Reviewed Preliminary Inherent Risk Assessment Management policy of maintaining large inventory to meet...

Q:

Course Code: INTL 7 2 9 Course Name: Principles of Freight Forwarding Activity: Module 4 In this activity, you will order the procedural steps for the Letter of Credit and complete an Air Waybill and...

Q:

5/10/2016 JOHNSON v. UNITED STATES | FindLaw Not a Legal Professional? Visit our consumer site Register | LogIn CASES & CODES PRACTICE MANAGEMENT JOBS & CAREERS LEGAL NEWS Forms FindLaw Caselaw...

Q:

please IRAC analysis the case. Appeals Court of Massachusetts,Suffolk. BASIS TECHNOLOGY CORPORATION v. AMAZON.COM, INC. No. 06-P-1048. Decided: January 07, 2008 Present: LENK, GREEN, & SIKORA,...

Q:

FOR THE FOLLOWING QUESTIONS, INDICATE WHETHER THE ANSWER IS TRUE OR FALSE. 1. "Personal" defenses to liability on a negotiable instrument include lack of consideration, failure of consideration,...

Q:

Pls help fill in the blank. Irrevocable L/C: IRREVOCABLE LETTER OF CREDIT Issue of a Documentary Credit BKCHCNBJA08E SESSION: 000 ISN: 000000 BANK OF CHINA, LIAONING NO. 5 ZHONGSHAN SQUARE ZHONGSHAN...

Q:

Pls help fill in the blank. Irrevocable L/C: Those words have been translated to English IRREVOCABLE LETTER OF CREDIT Issue of a Documentary Credit BKCHCNBJA08E SESSION: 000 ISN: 000000 BANK OF...

Q:

The file Energy contains the per capita energy consumption, in kilowatt- hours, for each of the 50 states and the District of Columbia during a recent year. a. Compute the mean, variance, and...

Q:

What is the expected return on a portfolio of two assets, in which you invest 150% of your net worth in A, with an average return of 10%, and borrow 50% of your net worth by selling short B, which...

Q:

tanley Inc. must purchase $ 6 , 0 0 0 , 0 0 0 worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax rate due to tax loss carry -...

Q:

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Q:

Describe what you understand is required in the position you are applying for. Summarize your qualifications in light of this description.

Q:

Give me a specific example of something you learned from a previous work experience.

Q:

Why do you want to leave your current employer? or Why did you leave your last employer?