A person who issues a negotiable instrument based on false statements by the other party will be able to avoid payment on that instrument to any party.
Answer the following statement true (T) or false (F)
False
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Use the following information to answer the question below. On January 1, 2009, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 2009, Falcon purchased 1,000 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 2009
The entry to record the sale of the treasury shares on March 2, 2009 is: a. Cash 26,000 Common Stock 19,000 Retained Earnings 7,000 b. Cash 24,000 Retained Earnings 2,000 Treasury Stock, Common 26,000 c. Cash 26,000 Treasury Stock, Common 19,000 Gain on Treasury Stock, Common 7,000 d. Cash 26,000 Treasury Stock, Common 19,000 Paid-in Capital, Treasury Stock 7,000
Most United States government agencies use the:
a. International Classification System Guide. b. Department of Commerce Standard Classification System. c. Standard Industrial Classification Manual. d. North American Industry Classification System.
Describe the exemptions from the registration process under the Securities Act of 1933
What will be an ideal response?
It is recommended that the final copy of the business plan be
a. paper clipped. b. spiral bound. c. professionally typeset and bound. d. stapled.