Discuss the effect on an instrument of: (a) contradictory amounts between the numerals and amount written in words on a check; (b) the interest rate left blank on a promissory note; and (c) contradictory terms that are typed or printed onto a promissory note and terms that are handwritten
Rather than invalidating the defective documents, the UCC favors negotiability and provides rules to resolve uncertainty and supply missing terms. In situation (a), where terms in a negotiable instrument contradict each other, words take precedence over numbers. In situation (b), the UCC provides that the judgment rate applies. The judgment rate is the rate that courts use on court-ordered judgments. In situation (c), handwritten terms prevail over typed and printed terms.
You might also like to view...
There are several types of frames in various contexts. One of these frames is ________-a predisposition toward satisfying a broader set of interests or needs in negotiation rather than focusing on a specific outcome.
Fill in the blank(s) with the appropriate word(s).
Javier wants to improve his workers’ performance and productivity. To learn the best ways to do so, Javier could work to improve his skills related to the ______ responsibilities of line management.
A. safety and security B. appraisal and promotion C. leadership and motivation D. labor cost controls
Which of the following statements is TRUE about sending a letter declining a job offer?
a. There's no need to send one; after all, you received a better job offer. b. Send one and share all the things you found wrong with the company. c. Tell them you're taking the job but just never show up. d. Thank them for the offer and briefly explain why you can't take the job. e. Thank them for the interview and emphasize your qualifications for the job.
Mungo Pet Supplies makes cat trees for several pet store chains. They order fasteners for the trees from a foreign supplier (lead time is 12 days with a lead time standard deviation of 3 days). Daily demand is estimated to 400 fasteners with a standard deviation of 50 fasteners per day. For a 95% service level, what is the reorder point?
a. 7625 b. 2825 c. 4800 d. Cannot be determined from the information given