A & D, Inc wrote a negotiable note payable to Vicy, Inc for the purchase of some satellite receivers. A & D left the amount of the note blank because it was uncertain as to amount of the applicable tax. Vicy completed the note for $3,000 more than A & D actually owed for the receivers it purchased. The note was negotiated to a holder in due course. A & D will not have to honor the note as this
constituted fraud in the execution.
Indicate whether the statement is true or false
False
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The scientific study of relationships between signs, symbols, and words and their meaning is called ________.
A. proxemics B. semantics C. paralanguage D. vocalics
Closing entries result in the transfer of net income or loss into the Retained Earnings account
Indicate whether the statement is true or false
How can companies select people to be tested for drugs?
What will be an ideal response?
Tommy Thompson has a small mail order business. He wants to borrow $10,000 from his friend Ziggy Harris. Tommy says that he will give Ziggy the right to collect on accounts customers owe him. What is the arrangement called?
A) a chattel mortgage B) a debenture C) an assignment of accounts receivable D) a general security agreement E) a floating charge