What are forged negotiable instruments?
What will be an ideal response?
Article 3 of the Under the Uniform Commercial Code (UCC) establishes certain rules for assessing liability when a negotiable instrument has been paid over a forged indorsement. With few exceptions, an unauthorized indorsement is wholly inoperative as the indorsement of the person whose name is signed. Where an indorsement on an instrument has been forged or is unauthorized, the general rule is that the loss falls on the party who first takes the forged instrument after the forgery.
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Explain the purpose of the Sarbanes-Oxley Act of 2002
What will be an ideal response?
According to the UCC, a draft may be:
a. payable in the future b. payable on sight c. payable within a certain time d. none of the other choices; those are features of a check e. all of the other specific choices are correct
Kroll, Inc., manufactures and sells two products: Product A4 and Product T6. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct A4800 7.0 5,600 Product T6300 9.0 2,700 Total direct labor-hours 8,300 The direct labor rate is $21.50 per DLH. The direct materials cost per unit is $212.40 for Product A4 and $295.50 for Product T6.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected Activity???Product A4Product
T6TotalLabor-relatedDLHs$402,550 5,6002,7008,300Production ordersorders 61,705 400300700Order sizeMHs 656,110 3,6003,4007,000 $1,120,365 The unit product cost of Product T6 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $2,075.92 per unit B. $1,507.51 per unit C. $1,551.27 per unit D. $1,703.82 per unit
There are a variety of online advertising options. The most popular are
A. free search, banner ads, spamming, and video. B. pop-ups, paid search, streaming video, and spamming. C. wikis, RSS feeds, interstitials, and cookies. D. free search, classifieds, interactives, and interstitials. E. paid search, banner ads, classified ads, and video.