Rupert owes $5,000 in unpaid taxes. Using the back of an old t-shirt, he executes an instrument for $5,000 that otherwise meets the requirements for negotiability. This instrument is most likely
A. negotiable.
B. nonnegotiable, because an instrument must be on paper.
C. nonnegotiable, because a t-shirt is not sufficiently permanent.
D. nonnegotiable, because the government does not appreciate it.
Answer: A
You might also like to view...
Starting salaries of a sample of five management majors along with their genders are shown below. Employee Salary(in $1,000s) Gender 1 30 F 2 28 M 3 22 F 4 26 F 5 19 M ? a.What is the point estimate for the starting salaries of all management majors?b.Determine the point estimate for the variance of the population.c.Determine the point estimate for the proportion of male employees.
What will be an ideal response?
Steve has been disgruntled with his firm for some time and is secretly planning to leave and start his own manufacturer representative firm with the contacts he has made. Steve has been making copies of the firm's file-secured customer lists, supplier lists, pricing guides, and financial information which is routinely circulated to the staff
a. If Steve leaves and contacts the customers of his former firm, there is a good chance that he will be liable for damages caused by his taking this information. b. Steve shouldn't have made copies on the old firm's copy machine but taken the originals to an outside copy service. c. Steve's former firm will have a difficult time stopping Steve because it did not protect its information. d. Customers who switch to Steve's new firm will be liable to Steve's former firm for lost profits.
Describe the structure of the federal court system. How does the federal court system compare/contrast with the state court system of the state where you are living? How are state and federal courts similar? How are they different? Explain your answer
Refer to the data on Expected Demand for Acme Widgets. Based on the Hurwicz criterion, what is the payoff for the “do nothing” option if you used the coefficient of realism of 0.6?
A. $45.20 million
B. $16.44 million
C. $57.00 million
D. $33.42 million