A holder for value and in good faith with no knowledge of dishonor, defenses, or claims, or that paper is overdue is known as a _____
A) holder in presentment
B) holder in due course
C) holder in good faith
D)holder in liability
B
You might also like to view...
Rental receipts for the period July 1, 2015, through June 30, 2016, were collected on June 30, 2015. The effects of these economic events on the 2015 financial statements for unearned revenue and rent revenue are Unearned Revenue Rent Revenue I. Increase Increase II. Increase Decrease III. Decrease No effect IV. Decrease Increase
A) I B) II C) III D) IV
Which of the following is not a manufacturing cost?
A) Direct material costs B) Administrative costs C) Factory overhead costs D) Direct labor costs
Distinguish between treaties and conventions
What will be an ideal response?
What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term capital gains and $800 resulting from long-term capital gains assuming a 30% tax bracket and a 10% capital gains rate?
A) $420 B) $140 C) $300 D) $260