Haverstock claims that Jenkins owes him $100,000 . Jenkins offers Haverstock a promissory note. If Jenkins refuses to pay, what must be true for Haverstock to win a suit for breach of contract (alleging non-payment on the note)?
a. Jenkins must be a drawer.
b. Jenkins must have issued a negotiable instrument.
c. Haverstock must be a holder in due course.
d. Haverstock must possess a negotiable instrument.
c
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The proportion of world trade coming from Latin America, Africa, and the Middle East has decreased since 1980.
Answer the following statement true (T) or false (F)
Pager company has a division that manufactures a component that sells for 58$ and has a variable cost of 24$ and fixed cost of 16$. Another division wants to purchase the component. What is the minimum transfer price if the division is operating at capacity?
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