Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of the following holders have given value for the instrument?
a. Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job.
b. Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce.
c. Todd, a newspaper carrier, accepts a properly indorsed two-party check for the past two months of deliveries.
d. All of the above are correct.
c
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For a car, which of the following will be a part of the expected product?
A) gas mileage B) reliability C) weight D) color
A dishonored note means the payee's entry includes a
a. credit to Accounts Receivable. b. debit to Interest Expense. c. debit to Notes Receivable. d. credit to Interest Income.
Televisa, a Mexican media company, became the world's most prolific producer of Spanish-language soap operas owing to its expertise in Spanish culture and linguistics. Which of the following strategies did Televisa employ to defend against global giants?
A. The company developed business models that exploit shortcomings in local distribution networks or infrastructure. B. It utilized keen understanding of local customer needs and preferences to create customized products or services. C. Televisa took advantage of aspects of the local workforce with which large international companies may be unfamiliar. D. It used acquisition and rapid-growth strategies to better defend against expansion-minded internationals. E. The company transferred company expertise to cross-border markets and initiated actions to contend on an international level.
You should hire a lawyer to review any legal papers you have to sign, especially such papers as lease agreements or car purchases
a. True b. False Indicate whether the statement is true or false