A surety can use any defenses available to the principal debtor to avoid liability on the debt
Indicate whether the statement is true or false
True
You might also like to view...
Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $8.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $107,970 per month, which includes depreciation of $9,760. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 6,100 direct labor-hours will be required in that month.Required:a. Determine the cash disbursements for manufacturing overhead for July.b. Determine the predetermined overhead rate for July.
What will be an ideal response?
The purpose of using ethically ambiguous negotiating tactics is to increase the negotiator's ________ in the bargaining environment.
Fill in the blank(s) with the appropriate word(s).
The purchase of bottled water is a low-involvement purchase. How can a market leader like Perrier keep people buying its brand instead of one of the numerous other brands displayed on retailers' shelves?
A. convince retailers to offer only Perrier water B. denigrate its competition C. make the purchase decision a high-involvement one D. offer coupons for Perrier bottled water E. avoid Perrier brand stockouts on retailers' shelves