Under Article 3 of the UCC, a note is:
a. an unconditional written order to pay that involves three parties: drawer, drawee, payee; the drawee may be a bank, person, or business; payment may be set at some future time
b. an unconditional written order to pay that involves three parties: drawer, drawee, and payee; the drawee must be a bank; payment must be "on demand"
c. a promise by one party to pay a certain sum of money to another party; two parties are involved: the maker and the payee; payment may be set at a date in the future
d. an acknowledgment by a bank that it has received money from a customer with a promise from the bank that it will repay the money received either at a specified date or upon demand; two parties are involved: a maker and a payee
e. none of the other choices
c
You might also like to view...
In vertical analysis, line items on the income statement are generally expressed as a percentage of
A) net income. B) net sales. C) cost of goods sold. D) total assets.
Which of the following constraints belongs to an integer programming model, but not necessarily to a goal programming model?
a. An objective function b. Integerconstraints c. System constraints d. Both a and b
________ focus on employee behaviors, either by comparing the performance of employees to that of other employees or by evaluating each employee in terms of performance standards without reference to others.
A. MBO-oriented systems B. Behavior-oriented rating systems C. Relative systems D. Results-oriented systems
Define wi-fi piggybacking and explain why it is an ethical issue