Michael is the maker of a note which states that it will be due on March 10, 2015. The note contains a clause stating that "payment will be limited to the proceeds of the sale of the contents of freight car No. 1234." Is the note negotiable? Why or why not? Explain
No, because it does not include a "fixed amount" (amount that is ascertainable from the instrument itself without reference to an outside source). To be negotiable, the person entitled to enforce the instrument must be able to determine from the instrument itself the amount he is entitled to receive.
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Forty-four percent of all registered voters in a national election are female. A random sample of 5 voters is selected. The probability that the sample contains 2 female voters is
A. 0.6600. B. 0.6114. C. 0.5000. D. 0.3400.
Which of the following is not good advice for receiving and ending telephone calls at work?
A) Take notes to remember important information. B) Always say a formal "Goodbye." C) Use your company's standard greeting. D) Follow your company's norm when ending the call. E) Answer the call within two or three rings.
Iron ore in a steel plant is an example of
A. supplies. B. component parts. C. raw materials. D. process materials. E. accessory equipment.
Suppose you just purchased a corporate bond with a par value of $1,000 for $951.25. It carries a 7% coupon rate and will mature in 5 years. What is the yield to maturity?
A) 6.14% B) 7% C) 8.23% D) 12%