The Uniform Law on Bills of Exchange and Promissory Notes (ULB) differs from the Uniform Commercial Code in that the ULB ________
A. does not allow for variable interest rates
B. allows payments to be made in installments
C. allows nonmonetary modes of payments
D. does not allow external references for payment amount
A
You might also like to view...
The proceeds from discounting a $20,000, 60-day, note payable at 6% is $20,200
a. True b. False Indicate whether the statement is true or false
If a merchant receives and cashes a check for partial payment of a debt and the check bears the notation that the amount is in full payment of a disputed sum, the total debt is released
Indicate whether the statement is true or false
Market creators
A) save users money and time by processing online sales transactions. B) provide a digital environment where buyers and sellers can establish prices for products. C) create revenue by providing digital content over the Web. D) sell physical products directly to consumers or individual businesses. E) generate revenue from advertising or from directing buyers to sellers.
Joe is very confident about his purchase of a franchise from a well-known full-service restaurant company. What is one of the things he MOST likely did before he bought the franchise?
A) spent months researching the franchisor's background and track record B) developed a menu of innovative dishes that would differentiate his restaurant from competitors C) came up with a unique plan to streamline the daily operations of the franchise D) trained staff to help him run the business E) hired a designer to design the restaurant's layout and decor