Value means that the holder of an instrument
A. has already done something in exchange for the instrument.
B. cannot transfer the instrument to another person.
C. is not in physical possession of the instrument.
D. believes the transaction was honest in fact.
Answer: A
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Dakota Company has four customers: A, B, C, and D. The accounts receivable balance in the general ledger is $9,083 and the accounts receivable subsidiary ledger of customers A, C, and D have $1,746, $3,296, and $3,940, respectively. Calculate the amount in the accounts receivable subsidiary ledger account of customer B.
A) $8,982 B) $1,847 C) $1,291 D) $101
An industrial manufacturer that works with one or a few large clients and develops products that only these clients will use is most likely to implement a(n) ________ strategy
A) undifferentiated targeting B) homogeneous C) customized marketing D) bottom-of-the-pyramid E) differentiated targeting
The adjustment necessary to record the expense and the associated increase in the company's liabilities is classified as ____________________
Fill in the blank(s) with correct word
Which of the following does the Sale of Goods Act allow the parties to do by express agreement?
A) Exclude the implied warranties and conditions. B) Specify terms to be conditions or warranties. C) Specify terms to be conditions or warranties but not exclude those implied terms D) Both B and C E) Both A and B