Barnes made out a check payable to the order of Williams. The amount written in figures was "$10.00"; the amount written in words was "One hundred and 00/100 dollars." Is this check negotiable? If so, what amount will be paid?
Yes, the check is negotiable. $100.00 will be paid. The check is negotiable (despite the discrepancy between the two amounts) because all the elements of negotiability are present.
You might also like to view...
Generally accepted accounting principles for insurance companies developed much sooner than statutory accounting practices
Indicate whether the statement is true or false
The ________ is a tool a company can use to relate its business mission and vision to individual business activities
A) BCG matrix B) balanced scorecard C) SWOT analysis D) marketing mix E) marketing audit
What is Beckhard and Harris’s gap analysis?
a. The disconnect between the change plan and what is actually implemented b. The amount of resistance from the employees about the change c. The gap in understanding about the change situation and its stakeholders d. The contrast between the organization’s current reality and the desired future state
Purchasing agents derive much of their power within the buying center through which role?
A. initiator B. user C. gatekeeper D. decider E. influencer