The holder of a promissory note fails to present the note to the maker for payment on the date on which it is due. What effect does this have on the liability for payment?
a. It requires court action in order to make the holder liable for payment.
b. It requires court action in order to hold previous indorsers liable for payment.
c. It releases the maker from liability for payment.
d. It releases indorsers from liability for payment.
D
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All of the following statements are true except:
a. IFRS uses net realizable value with no upper or lower limits imposed. b. Both U.S. GAAP and international financial reporting standards (IFRS) require the use of the lower-of-cost-or-market rule to value inventories. c. Write-downs of inventory can be reversed in later periods under U.S. GAAP. d. U.S. GAAP defines market value as replacement cost.
In the presentation close, how do you confirm expectations about actions or decisions that will follow the presentation?
A) With a final introduction B) Using strong final remarks C) Ending with clarity and confidence D) Restating your main points E) By announcing the presentation close
Compare the balanced scorecard approach to the triple bottom line approach for assessing organizational performance.
What will be an ideal response?
Anita included Bob's name and photograph in a list of the FBI's top ten criminals. Bob has never been convicted of any crime and is horrified by the thought of being considered a criminal. This:
a. is defamation. b. is false light. c. is nuisance. d. could be either defamation or false light.