Under the fictitious payee rule, the payee's indorsement is not treated as a forgery, and an innocent holder can hold the maker or drawer liable on the instrument
Indicate whether the statement is true or false
T
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All groups are teams, but not all teams are groups.
Answer the following statement true (T) or false (F)
A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some other attribute
A) stock-keeping unit B) inventory turn C) individual brand D) product type E) brand line
Before releasing the audit report, which of the following would the auditor most likely do?
a. Issue a management letter. b. Perform an analytical review. c. Check on a schedule of partner rotation. d. Estimate client fee for subsequent services to be performed.
The advantage of electronic communication networks (ECNs) is that they:
A. allow traders to contact the market makers used in the over-the-counter market. B. help firms identify and contact accredited investors. C. guarantee the sale of all the securities of listed firms. D. make it possible for investors to trade securities after the U.S. exchanges are closed.