A holder is on notice that an instrument is defective when the holder:
A)demands payment.?
B) brings suit for the collection of an instrument

C) gives a discharge or release from liability on the instrument.
D) Has actual notice of a defect


D

Business

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What will be an ideal response?

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A) does not relate to the corporation's business B) does not concern the payment of dividends C) concerns the day-to-day operations of the corporation D) does not concern a policy issue

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The facts (1) that no explicit interest is paid on accruals and (2) that the firm can control the level of these accounts at will makes them an attractive source of funding to meet working capital needs.

Answer the following statement true (T) or false (F)

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Well-publicized research shows that companies can increase profits from 25 to 85% by retaining just …………. more of their customers.

a. 10% b. 2% c. 5% d. 1%

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