When the drawee of a draft has indicated by writing or record a willingness to pay the amount specified in the draft the drawee is called a(n):
A) acceptor
B)accommodation party.?
C)payee.?
D)secondary obligator.
A
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When pledging accounts receivable
A) title to the receivables reverts to the lender. B) the pledges are usually made with recourse. C) the pledge arrangements become the new valuation methodology entered in the accounting records. D) collection responsibility reverts to the lender.
State administrative agencies are created by ________
A) legislative branches of states B) legislative branches of the federal government C) the U.S. President D) the U.S. Congress
Jack enters into a contract with Jill's Farm to provide water for Jill's irrigation needs. Jack fails to deliver. Jill initiates a suit against Jack, asking the court to order Jack to perform. Jill is
A) the plaintiff. B) the defendant. C) the binding authority. D) the persuasive authority.
Shale Oil Processing Corporation combines its assets and debts with those of Tierra Frakking Company to form United Resources, Inc Shale and Tierra cease to exist. Burst-o'-Flavor Burger Restaurant Corporation merges with Chick-E Chicken Franchise Corporation, with Burst-o'-Flavor absorbing Chick-E Chicken. After the merger A) a different, new entity is the surviving corporation
B) Burst-o'-Flavor and Chick-E Chick'n are both surviving corporations. C) Burst-o'-Flavor is the surviving corporation. D) Chick-E Chicken is the surviving corporation.