Laptop Assembly Company gives a $3,000 promissory note to My-T-Fast Delivery Service to deliver a load of computer chips to Laptop's plant. The chips are contaminated during transit, and are useless to Laptop on delivery. If My-T-Fast presents the note for payment
A. Laptop's best defense would be breach of warranty.
B. Laptop must pay the note.
C. Laptop's best defense would be nondelivery of an instrument.
D. Laptop's best defense would be failure of consideration.
Answer: A
You might also like to view...
Annette spends some more time looking into the kitchen burns at The Burger Joint. She realizes that instead of focusing on the employee’s motivations, she can look into the physical appliances themselves for safety concerns. She realizes that the installment of additional appliance safety features could be the answer that she is looking for. After a few months with the new appliance safety features installed, her kitchen injuries went down by 75%. Annette completed which step in the decision- making model?
A. generate multiple alternatives B. identify and weigh decision criteria C. choose, implement, and evaluate the best alternative D. rate alternatives on the basis of decision criteria
Direct marketing seldom occurs on a one-to-one, interactive basis
Indicate whether the statement is true or false
Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for Digital Business found that organizations driven most by data-based decision making had ________ productivity rates and ________ profits.
A. 4% higher, 6% higher B. 4% lower, 6% higher C. 4% lower, 6% lower D. 4% higher, 6% lower
Which of the following statements is CORRECT?
A. Call options generally sell at a price greater than their exercise value, and the greater the exercise value, the higher the premium on the option is likely to be. B. Call options generally sell at a price below their exercise value, and the greater the exercise value, the lower the premium on the option is likely to be. C. Call options generally sell at a price below their exercise value, and the lower the exercise value, the lower the premium on the option is likely to be. D. Because of the put-call parity relationship, under equilibrium conditions a put option on a stock must sell at exactly the same price as a call option on the stock. E. If the underlying stock does not pay a dividend, it does not make good economic sense to exercise a call option prior to its expiration date, even if this would yield an immediate profit.