Explain the requirements of negotiability
An instrument must comply with seven requirements in order to be negotiable. If it lacks any of these requirements, the document is not negotiable. The seven requirements are:
1. The instrument must be in writing and signed by the party executing it.
2. The instrument must contain either an order to pay or a promise to pay.
3. The order or the promise must be unconditional.
4. The instrument must provide for the payment of a fixed amount of money.
5. The instrument must be payable either on demand or at a fixed or definite time.
6. The instrument must be payable to the order of a payee or to bearer.
7. The payee and the drawee must be designated with reasonable certainty.?
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Surviving dependents may have their Social Security benefits reduced or eliminated
A) if they are found guilty of a felony. B) if the surviving spouse were married to the decedent for less than five years. C) if they have substantial market earnings. D) for any of the reasons cited above.
Master scheduling deals with products at what level?
a. aggregated production b. aggregated product family c. disaggregated end items d. exploded into materials and subassemblies
If the FMV of the stock received in a Type E reorganization does not equal the FMV of the stock surrendered, the difference may be
A. a contribution to capital. B. a dividend. C. compensation for services. D. All of the above are correct.
LAPM stands for:
A) Lateral Access Protocol Mechanism B) Link Access Protocol-Modem C) Link Acquiring Protocol Modulation D) Lateral Attention Protocol Multiplier