A negotiable instrument is a promise by one party to pay a undefined sum of money to another party. There are two parties: the maker and the payee. While the amount to be paid may vary, the date of payment must be set at a specific time in the future
a. True
b. False
Indicate whether the statement is true or false
False
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In the sentence Belinda updated her Facebook status, the verb updated is ____
A) transitive B) intransitive C) linking D) helping
A director will not be liable for a tort committed by him or her where it is proven that he or she was acting in the best interests of the company and within their scope ofauthority
Indicate whether the statement is true or false
A company has an investment in 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be:
A. $2,250. B. $750. C. $1,500. D. $4,500. E. $9,000.
Gandee Company has an operating leverage factor of 5. Which of the following statements is true? Thus, an 8% change in ______ should result in a 40% change in _____. The respective amounts that change are:
A. An 8% change in variable costs should result in a 40% change in contribution margin. B. An 8% change in income should result in a 40% change in sales revenue. C. An 8% change in sales revenue should result in a 40% change in income. D. An 8% change in variable costs should result in a 40% change in break-even sales. E. An 8% change in fixed costs should result in a 40% change in income.