Johnson makes out a promissory note payable to Edwards. This first transfer of the note to Edwards is called
a. an issue.
b. an indorsement.
c. an illegal transfer.
d. either an issue or an indorsement.
A
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Excom sells radios and each unit carries a two-year replacement warranty. 5% of the radios sold typically need to be replaced costing Excom $30 per radio. During September, Excom sold 100 radios for $50 each. For what amount in September would Excomdebit Product Warranty Expense?
a. $50 b. $150 c. $30 d. $120
Firms use short-term financing for
a. assets they expect to convert to cash in the short run. b. assets to be used over long periods. c. liabilities they expect to convert to cash in the short run. d. liabilities to be used over long periods. e. shareholders' equity they expect to convert to cash in the short run.
The recommendations of the Winter Commission (National Commission on the State and Local Public Service) are remarkably relevant today and continue to be promoted. What are the major recommendations?
What will be an ideal response?
Jordan is a new salesperson at an automobile firm. He is respected by his peers and colleagues because of the vast knowledge he possesses in marketing. Many salespeople in his firm seek his advice and tips on marketing strategies. In this case, Jordan has ________.
A. connection power B. coercive power C. expert power D. referent power