Explain the effect that a reference to other agreements has on negotiable instruments and the difference between a mere reference and a negotiable instrument's being subject to the terms of another agreement
A reference to the mere existence of another agreement does not affect negotiability because it merely describes the consideration and transaction giving rise to the instrument. However, if a right to payment is made "subject to" the terms of another agreement, the instrument is not negotiable. This restriction against making an instrument subject to another agreement is to enable any person to determine the right to payment provided by the instrument without having to look beyond its four corners.
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The _________ is the higher-status person and the ____________is the lower-status person.
a. superior; subordinate b. subordinate; superior c. inferior; subordinate d. superior; inferior
Both U.S. GAAP and IFRS often refer to ownership of a(n) _____ of the voting stock of another entity as indicating control, unless evidence indicates that the owner cannot exercise control
a. direct investment b. indirect investment c. majority d. minority e. effective control
Selena facilitates a monthly forum that provides team members across various functions and locations throughout her company an opportunity to share ideas, concerns, and solutions related to the work environment. She is acting in the role of a ________ by enabling diverse individuals to coordinate their efforts.
A. monitor B. negotiator C. disseminator D. liaison E. spokesperson
Which of the following is an example of data?
A) words B) a newspaper C) newspaper report D) a bank statement