Which of the following is an example of a debit memorandum?
a. Service charge notice
b. Interest earned on the account balance
c. Outstanding check
d. Company error in recording a $500 deposit as $600
a
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Brooke uses her credit card to purchase a lawn mower at the local "big box" hardware store, but when she tries to use the mower for the first time, she finds it is not self-propelled as advertised. Does she have any recourse?
What will be an ideal response?
An agent does not violate his or her duty of loyalty by serving two parties with the same interest
Indicate whether the statement is true or false
Agro Co-op, Inc., and Bio Feed Corporation are exporting firms that join together to export a line of products. Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort. Under federal law, Charter and other U.S. banks are
A. encouraged by credit guaranties to lend such funds. B. discouraged by administrative rules to make such loans. C. asked by enforcement agencies to report such requests. D. banned by statute from opening such credit lines.
An offer made in obvious anger is still an effective offer
Indicate whether the statement is true or false