Sarah has a checking account at First Bank. Orrin steals one of her blank checks, writes a check for $250 to himself, and then forges Sarah's signature. Orrin then indorses the instrument to Paul in payment of a debt. Paul, who does not know of the forgery, presents the instrument to First Bank for payment. At First Bank's request, Paul indorses the instrument, and the bank then pays him $250
Which of the following is correct?
a. Paul has breached the warranties on presentment.
b. Orrin has breached the warranties on presentment.
c. Sarah has breached the warranties on presentment.
d. All of these are correct.
e. Both Paul and Orrin have breached the warranties on presentment.
b
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Why has the economy of the United States realized waves of globalization?
a. The United States consistently increases tariffs. b. The United States economy has been consistently opening up since the 1920's. c. Technology, supported by American investors, drives productivity. d. The trade policy of the United States has been uneven, resulting in periods of more/less openness to international trade.
Describe the use and purpose of purchase requisitions?
What will be an ideal response?
Assume that Sherrie's Cherries contracts with Dessert World to sell and ship 600 pounds of cherries in three equal installments of 200 pounds each. If the first installment arrives with 5 pounds of spoilage, then Dessert World may:
a. reject the installment shipment because of the perfect tender rule. b. not reject the installment if those in the food industry expect a small percentage of spoilage with fresh fruits or vegetables. c. reject the entire contract. d. declare a breach and "cover."
Velocity is defined as the rate at which data flow into an organization.Which of the following can generate high data velocity?
a. Online sales b. Mobile computing c. Smartphones d. Online social networks e. All of the above