Jamal borrowed money from Amir to buy school supplies. He drew up and signed the following promissory note, "IOU, Amir Shah, the sum of $30 for value received. Jamal Khan." Is the note a negotiable instrument?
What will be an ideal response?
No, this note is not a negotiable instrument. If an instrument is promissory in nature, such as a note or a certificate of deposit, it must contain an unconditional promise to pay or it cannot be negotiable. The law states that a mere acknowledgement of a debt is not a promissory note under section 3-103[9] of revised Article 3.
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Rivera Inc, a leading mobile manufacturer in the United States, manufactures a new product similar to its existing line of high-end smart phones to meet the demands for a low-cost product in the developing countries
They also plan to use new ads that are more sensitive to those countries. In this case the product marketing strategy used by Rivera is referred to as ________. A) mono adaption B) product extension/ communication adaptation C) dual extension D) dual adaptation
Coke-Pepsi PhotoConsider the Coke-Pepsi photo above. What was the consequence to the Coca-Cola employee who tried to sell classified information to Pepsi?
A. The employee was given the choice of quitting or being demoted to a minimum wage job. B. The employee was permitted to keep her original job (minus any bonuses), but had to attend a seminar on ethical behavior. C. The employee was sentenced to eight years in prison and ordered to pay $40,000 in restitution. D. The employee was arrested for bribery and sentenced to five years house arrest. E. The employee was fired and no other legal action was taken since the practice is unfortunately too commonplace.
The "discovery" stage of a trial includes all of the following EXCEPT:
a. production of documents. b. written interrogatories. c. depositions. d. counterclaims.
List the important economic developments that have occurred because of the North American Free Trade Agreement (NAFTA).
What will be an ideal response?