Verne has possession of a draft that has been validly negotiated to him. His payment process necessarily includes
A. presentment of the draft, dishonor, and notice of dishonor.
B. exhibiting the instrument, showing reasonable identification, and surrendering the draft if it is paid in full.
C. exhibiting the draft, providing a thumbprint signature, and giving a receipt.
D. suspending the underlying debt, applying the shelter rule, and making a demand for payment.
Answer: B
You might also like to view...
______________________________ may reduce input errors by populating certain fields and rejecting incorrectly formatted fields, thereby preventing the customer service representative from omitting data or entering data with errors
Fill in the blank(s) with correct word
If a firm has a current ratio of 2, the subsequent receipt of a 60-day note receivable on account will cause the ratio to decrease
a. True b. False Indicate whether the statement is true or false
Exhibit 14-8 Piazzi, Inc sold $400,000 of its 9%, five-year bonds dated January 1, 2013, on May 1, 2013, for $393,000 plus accrued interest. Interest is paid on January 1 and July 1 and straight-line amortization is used. ? Refer to Exhibit 14-8. The net liability for the bonds after recording the sale would be
A) $408,000. B) $407,700. C) $400,000. D) $393,000.
A(n) _____ is the software that enables the OS to control a device, either one installed inside the computer or an external device such as a flash memory drive.
Fill in the blank(s) with the appropriate word(s).