Which of the following is not one of the general purposes of negotiable instruments?
A) To facilitate the extension of credit
B) To operate as a substitute for money
C) To be a record keeping device
D) To provide flexible remedies for the nonbreaching party in the event of a breach
D
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Eatsy Corp owes Hardy, Inc, $30,000 on a note payable, plus $1,800 interest. Hardy agrees to accept 400 shares of Eatsy common stock in full settlement of the debt. Eatsy stock has a par value of $10 and a current market value of $70 per share. As a result of the debt restructuring, Eatsy Corp should record an
A) ordinary loss of $1,800. B) extraordinary gain of $1,800. C) ordinary gain of $3,800. D) extraordinary gain of $3,800.
Maria goes to lunch with Jeremy to discuss how she is feeling about a situation at work. At the restaurant, Jeremy is distracted because his favorite local band is playing, Maria gets upset when she feels Jeremy’s attention wane. Why is Maria upset? Use the terms in the chapter to support your response.
What will be an ideal response?
External noise includes sounds from conversations, radios, televisions, CD players, machinery, and so on
Indicate whether the statement is true or false
A start-up and an established company have entered into a business agreement. In this arrangement, the established company will provide capital and other resources and the start-up will contribute its technological expertise. This method of acquiring new technology is known as
A. internal development. B. benchmarking. C. research partnership. D. offshoring. E. technology trading.