Which of the following is true of a business operating as a sole proprietorship?
A) It is not considered a separate legal entity from the owner.
B) It cannot be sold when the owner decides to do so.
C) It requires governmental approval when being transferred.
D) It has access to unrestricted capital by means of investments.
A
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Lei signs a 30-day note payable to Yuan Appliances Inc. for $500 and gives it to Yuan as payment for a washing machine. When Yuan asks Lei for payment, she refuses to pay because the washing machine does not work properly. Yuan informs a bank about Lei's refusal to pay and then negotiates the note to the bank. Which of the following statements is true of this case?
A. Yuan is the holder in due course. B. The bank is not a holder in due course of the note. C. The bank is a holder in due course of the note. D. A dishonored instrument always makes the indorser the holder.
One way to become a more relations-oriented leader is to ______.
a. embrace the Great Man approach to leadership b. be more autocratic c. make better decisions d. lead with love
A quick ratio ____ is often a concern for creditors and managers
A) of more than one B) of less than one C) equal to one D) of more than two
Explain Section 552 of the Restatement (Second) of Torts
What will be an ideal response?