Under which of the following Uniform Commercial Code (UCC) requirements is a holder considered a "holder in due course," given that the holder performs the agreed-upon promise in a negotiable instrument?
A) taking in good faith requirement
B) taking for value requirement
C) taking without notice of defect requirement
D) no evidence of forgery, alteration, or irregularity requirement
B
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The set of mechanisms used for making transactions is called the
A. outside money mechanism. B. payments system. C. inside money system. D. standard of deferred payments.
At December 31, 2018, Micro Instruments owes $47,000 on Accounts Payable. The balance of Salaries Payable is $14,000 and the balance of Income Tax Payable is $8,000. Micro also has $250,000 of Bonds Payable that were issued at face value. These bonds require payment of a $25,000 installment next year and payment of the remainder in later years. The bonds payable require an annual interest payment of $7,500. Micro still owes this for the current year.
Requirement: Report Micro Instruments' liabilities on its classified balance sheet on December 31, 2018.
The firm's cost of capital may also be referred to as the firm's opportunity cost of capital
Indicate whether the statement is true or false
David, a partner in the Tri-State Express Mail delivery partnership, negligently drove his delivery truck onto the curb during a rush-hour package delivery. Marlene was injured. Against whom can Marlene collect?
A) Only David B) Only Tri-State Express Mail Partnership C) Tri-State Express Mail Partnership or any partner D) Only the other partners