If a bank pays a check after it has received a stop-payment order and has to reimburse its customer for the improperly paid check, it acquires all the rights of its customer against the person to whom it originally made payment, except for rights arising from the transaction on which the check was based.
Answer the following statement true (T) or false (F)
False
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A captive customer is most likely to ________
A) have a low purchase amount B) recommend a brand or company to others C) have a weak product preference D) have a high customer loyalty index E) have a high desire to repurchase
When placing a business telephone call, immediately name the person you are calling, identify yourself and your affiliation, and give a brief explanation of your reason for calling
Indicate whether the statement is true or false
Mason Construction Inc. had net sales of $480,000, costs of sales of $130,000, additional expenses of $200,000, depreciation of $40,000, and a tax rate of 30%. Use this information to determine the firm's after tax earnings on a cash basis
A) $77,000 B) $105,000 C) $117,000 D) $145,000
A typical banker's acceptance would involve two firms and their commercial banks
Indicate whether the statement is true or false.