What is a submission agreement, and what conditions are usually specified in such an agreement?
What will be an ideal response?
A submission agreement provides that a specific dispute will be resolved through arbitration. Usually, it specifies the following conditions:
1. How the arbitrator will be selected;
2. The nature of the dispute;
3. Any constraints on the arbitrator's authority to remedy the dispute;
4. The place where the arbitration will take place; and
5. A time by which the arbitration must be scheduled.
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Lei signs a 30-day note payable to Yuan Appliances Inc. for $500 and gives it to Yuan as payment for a washing machine. When Yuan asks Lei for payment, she refuses to pay because the washing machine does not work properly. Yuan informs a bank about Lei's refusal to pay and then negotiates the note to the bank. Which of the following statements is true of this case?
A. Yuan is the holder in due course. B. The bank is not a holder in due course of the note. C. The bank is a holder in due course of the note. D. A dishonored instrument always makes the indorser the holder.
List eight types of visuals commonly used in sales presentations.
What will be an ideal response?
The ________ stage of ABC is to compute an activity rate for each cost pool and then use this rate to allocate overhead costs to products.
Fill in the blank(s) with the appropriate word(s).
Senior management at BluTech feels that its interview process takes much too long and does not result in consistent information about the candidates needed to make good hiring decisions. HRM specialists at BluTech may recommend that the firm begin using panel interviews as a way to correct these problems.
Answer the following statement true (T) or false (F)