Explain the requirement for a holder in due course (HDC) under the Uniform Commercial Code (UCC) that there be no evidence of forgery, alteration, or irregularity with respect to a negotiable instrument
What will be an ideal response?
The UCC has a no evidence of forgery, alteration, or irregularity requirement. Under this rule, a holder does not qualify as an HDC if at the time the instrument was issued or negotiated to the holder, it bore apparent evidence of forgery or alteration or was otherwise so irregular or incomplete as to call into question its authenticity. Clever and undetectable forgeries and alterations are not classified as obvious irregularities. Determining whether a forgery or an alteration is apparent and whether the instrument is so irregular or incomplete that its authenticity should be questioned are issues of fact that must be decided on a case-by-case basis.
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Organizational cultures are important to a firm's success because:
A. they give a defining vision of what the organization represents. B. they are created by key members of the organization. C. they are the visible external artifacts that serve as evidence of social rank. D. they help determine who will be an informal leader of a group.
On an RBS for a software development project, product risks are related to
A) corporate and stakeholders. B) requirements and design. C) cultural and economic. D) project team and control.
Revenue management adjusts the pricing and available supply of assets to maximize profits
Indicate whether the statement is true or false.
Which of the following statements is true of just-in-time management systems?
A) It involves ordering raw materials in large quantities to obtain volume discounts. B) It triggers production after the customer places an order. C) Its successful implementation is independent of vendor relationships. D) It contracts with suppliers to deliver large quantities of goods once a year.