Tilda purchases an automobile from Ronston. At the time of sale, Ronston tells Tilda that the car has had only one previous owner and has been driven only 25,000 miles. Tilda, relying on these statements, purchases the car
She pays 10 percent down and signs a promissory note to pay the remainder of the purchase price, with interest, in fifteen equal monthly installments. Ronston transfers the note to Patty. Tilda then discovers that the car has actually had three previous owners and has been driven 250,000 miles. Which of the following is the legal outcome if Patty is a holder in due course (HDC)?
A) Tilda must pay Patty; find recourse with Ronston.
B) Patty must pay Tilda; find recourse with Ronston.
C) Patty pays no one; indorsement is considered void.
D) Tilda can rescind the note; refuse to pay Patty.
A
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Joy purchased 200 shares of HiLo Mutual Fund on July 15, 2014, for $10,500, and has been reinvesting dividends. On December 15, 2018, she sells 100 shares.AmountNo. of sharesPurchase July 15, 2014$10,500200Reinvested dividends, Oct 1, 201580010Reinvested dividends, Oct 1, 201697020Reinvested dividends, Oct 1, 2017 980 20$13,250250What is the basis for the shares sold assuming (1) FIFO and (2) average cost method?
What will be an ideal response?
Greater personal effectiveness will likely result from positive perceptions of:
a. self-leadership b. self-esteem c. self-efficacy d. self-reward
What determines whether a message is positive or negative?
A. the sender’s perspective B. the receiver’s perspective C. the organization’s history D. the sender’s communication skills
Which of the following is a criticism of the adversarial system of litigation in the United States?
A) The lack of a neutral factfinder such as a judge or a jury. B) Arguments are only allowed from the defendant's side. C) Heavy dependency on the skills of the representing attorney. D) Only evidence produced by the plaintiff is permissible.