The UCC uses a transactional approach to risk of loss questions
Indicate whether the statement is true or false
True
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For improper execution or failure to execute payment orders, banks can be liable to:
A. the originators for consequential damages. B. the beneficiaries for their incidental expenses. C. the originators for their expenses in the transaction along with incidental expenses and interest losses. D. both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.
Fashion Barn Company, a retailer, accepts payment through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assume that the processor deposits the net amount. Prepare the journal entry for credit card sales. (Ignore cost of goods sold.) Omit explanation.
What will be an ideal response?
The textbook recommends a ______ level of the need for achievement for a successful leader.
a. low b. moderate c. a very high d. none of these
The value chain is the sequence of business activities in which usefulness is added to the products or the services within an organization
Indicate whether the statement is true or false