Explain when presentment warranties apply. Identify the presentment warranties on a check and a promissory note
Presentment warranties apply to someone who demands payment of an instrument from anyone liable on it. Presentment warranties apply when an instrument is returned to the maker or drawee for payment. Someone who presents a check for payment warrants that he is a holder, the check has not been altered, and he has no reason to believe the drawer's signature is forged. If any of these warranties are untrue, the bank has the right to demand a refund from the presenter. For a promissory note, the presenter makes only one warranty, and that is that he is a holder of the note. The presenter does not need to warrant that the note is not altered or that the maker's signature is authentic because a note is presented for payment to the maker himself.
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Middle managers should possess technical, interpersonal, and decision-making skills; however, ______.
a. technical skills are usually more important b. interpersonal skills are usually more important c. decision-making skills are usually more important d. the mix required varies from organization to organization
Which of the following documents is used to accumulate all of the manufacturing costs assigned to a job?
a. Job cost record b. Labor time record c. Materials requisition d. Purchase order
Whirlpool recently asked the United States to impose ________ on washing machine imports made by LG Electronics and Samsung Electronics, both South Korean companies, to raise the price of these products. Whirlpool accused these companies of selling below fair market value and receiving anticompetitive export subsidies from their governments, both of which could jeopardize American jobs.
A. quotas B. boycotts C. sanctions D. tariffs E. embargoes
Explain why in implementing a yield spread strategy it is necessary to keep the dollar duration constant
What will be an ideal response?