Erin stole a paycheck from Carl prior to his indorsing it. She then forged Carl's signature and transferred the check to a gas station which took it in good faith, for value, without notice, and without reason to question its authenticity. The gas station:
A) was a holder in due course.
B) could not be a holder.
C) could be a holder, but not a holder in due course.
D) can collect the amount of the check only from the drawer since Carl did not indorse it.
B
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Explain at least two models of interpersonal communication--and, in your own words, explain how you would utilize each to improve or enhance your own communication with others.
What will be an ideal response?
Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
a. A debit entry was recorded in the wrong account. b. A debit was entered in an account as a credit. c. The account balance was carried to the wrong column of the trial balance. d. The balance of an account was incorrectly computed.
The Rushton Trash Company stocks, among many other products, a certain container, each of which occupies four square feet of warehouse space. The warehouse space currently available for storing this product is limited to 600 square feet
Demand for the product is 15,000 units per year. Holding costs are $4 per container per year. Ordering costs are $5 per order. (a) What is the cost-minimizing order quantity decision for Rushton? (b) What is the total inventory-related cost of this decision? (c) What is the total inventory-related cost of managing the inventory of this product, when the limited amount of warehouse space is taken into account? (d) What would the firm be willing to pay for additional warehouse space?
A manufacturer agrees to sell the distributor 1,000 boxes of 2-quart bowls only if he agrees to resell to the retailer at cost plus $1.10 per bowl and the retailer must agree to sell at no less than his cost plus .50 per bowl. This is:
A) horizontal price fixing. B) vertical price fixing. C) vertical market allocation. D) a tying arrangement.