A person can become a holder in due course of an instrument that has been altered:
A) Under no circumstances.
B) In all circumstances.
C) In all circumstances so long as the person did not know of the alteration.
D) Only if the alteration could not reasonably be detected.
E) Only if the alteration was not done by the person's immediate transferor.
D
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A company originally issued 14,000 shares of $5 par value common stock at $12 per share. The board of directors declares a 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500. B) Common Stock—$5 Par Value is credited for $47,040. C) Common Stock is credited for $49,000. D) Stock Dividends is debited for $49,000.
Jane, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Jane manages at Kohlberg's _____ level of personal moral development.
A. unconventional B. nonconventional C. conventional D. postconventional E. preconventional
The ______ of an organization includes anything that an employee may value and that the employer is willing and able to offer.
A. expectancy B. equity C. rate D. compensation system
Millie is from a country with a cold climate. According to the study of proxemics, it is likely that she will prefer ______ physical distance in communication than do people in warmer climates.
A. smaller B. fluent C. larger D. conflicting