Discharge of an instrument by payment can be raised against enforcement of a negotiable instrument by an ordinary holder
Indicate whether the statement is true or false
TRUE
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Croft Corporation produces a single product. Last year, the company had a net operating income of $160,000 using absorption costing and $149,000 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 43,000 units were produced last year, then sales last year were:
A. 40,000 units B. 41,900 units C. 54,000 units D. 32,000 units
Questions that a GIS can directly answer include all of the following except:
A) What is adjacent to this feature? B) Is this the best site for a new business? C) How many features are within a certain distance of a site? D) Which site is the nearest one?
Which methods of evaluating a capital investment project ignore the time value of money?
A. Accounting rate of return and internal rate of return. B. Net present value and payback period. C. Payback period and accounting rate of return. D. Internal rate of return and payback period. E. Net present value and accounting rate of return.
Which type of business organization has multiple owners, profits divided by percentage of ownership, single taxation, and limited liability for some owners but not for others?
What will be an ideal response?