Todd indorses a check, "Pay to Interstate Trucking if they deliver the lumber by May 1, 2012." This is
A. a blank indorsement.
B. a qualified indorsement.
C. a restrictive indorsement.
D. a special indorsement.
Answer: C
You might also like to view...
______ involves division of an organization's work and applies motivational theories to jobs to increase satisfaction and performance.
A. Job enlargement B. Job design C. Job simplification D. Job development E. Job enrichment
If fixed costs are $500,000, the unit selling price is $55, and the unit variable costs are $30, what is the break-even sales (units) if fixed costs are increased by $80,000?
A) 10,545 units B) 19,333 units C) 23,200 units D) 25,000 units
Ashton borrows $25,000 from Amanda. Amanda lends the money to Ashton without taking an interest in collateral for the loan. Amanda is relying on Ashton's credit standing when she makes the loan. What kind of creditor is Amanda?
A) an unsecured creditor B) a secured creditor C) an administrative claim creditor D) a post-petition creditor
MegaCorp is incorporated under Delaware law. It is registered to do business in New York. Legally, in New York MegaCorp is known as what kind of corporation?
A. domestic B. foreign C. secondary D. cumulative