Any significant alteration of a negotiable instrument discharges the liability of the party whose liability is changed by the alteration
Indicate whether the statement is true or false
T
You might also like to view...
Which of the following can offer a type of comparison in financial statement analysis?
a. Past ratios and figures b. Industry averages c. Statistics of competitors d. All of the answers are correct. e. None of the answers are correct.
In the language of many philosophers, ethical duties should be ________ rather than hypothetical.
What will be an ideal response?
Which of the following statements is true of U.S. firms, financial institutions, and banking organizations??
A. ?U.S. firms had much higher growth rates than their European counterparts. B. ?U.S. firms follow less conservative working capital policies than European firms. C. ?Corporations in the U.S. use significantly greater proportions of long-term financing than European firms. D. ?U.S. financial institutions traditionally have been subject to less restrictions and regulations than banking organizations in other countries. E. ?U.S. banking organizations often have very close relationships with the firms that borrow from them, which generally results in a greater willingness to provide more short-term, risky debt than we observe in European banks.
For good financial management, you should treat a credit card as
A) a source of funds. B) a means of convenience. C) a way to finance everything. D) an inexpensive form of financing.