Scott buys a television from Kacey's Electronics, giving Kacey a check for $550. Kacey uses a special indorsement and negotiates the check to Rory. Rory carefully changes the amount to read $1550 and loses the check on the way to the bank. Harry picks it up and tries to cash it. What will he get?
A) Scott will have to pay him $550.
B) Kacey will have to pay him $550.
C) Rory will have to pay him $1550.
D) No one will have to pay Harry.
D
You might also like to view...
Which of the following would not be a factor in the consideration of whether or not a special order is accepted or not?
A) Variable costs B) Avoidable fixed costs C) Sales price of the special order D) Unavoidable fixed costs
If expectations for long-term inflation rose, but the slope of the SML remained constant, this would have a greater impact on the required rate of return on equity, rs, than on the interest rate on long-term debt, rd, for most firms. Therefore, the percentage point increase in the cost of equity would be greater than the increase in the interest rate on long-term debt.
Answer the following statement true (T) or false (F)
Under UCC Section 2-201, contracts for the sale of goods of $500 or more fall within the statute of frauds and must be in writing to be enforceable. Exceptions to this rule include all but which of the following?
A) the agreement is between a merchant seller and a non-merchant buyer B) one of the parties to a suit admits in writing or in court to the existence of an oral contract C) a buyer accepts and uses the goods D) the contract is between merchants, and the merchant who is sued received a written confirmation of the oral agreement and did not object within 10 days.
When the poultry farmer runs his linear programming model, he discovers that his flock will consist entirely of Leghorn birds
. He studies his sensitivity report (copied below) and decides to write a constraint that requires two Cochin chickens to be selected. If the current optimal mix of breeds results in 160 eggs per week, which of the following statements is best? Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease $B$1 Leghorn 32 0 5 1E+30 2.1875 $C$1 Cochin 0 -2 2 3 1E+30 $D$1 Buff Orpington 0 -3.5 4.5 3.5 1E+30 A) The new weekly egg output will be 169. B) The new weekly egg output will be 162. C) The new weekly egg output will be 158. D) The new weekly egg output will be 153.