Martin borrows $15,000 from Tom, in the form of a check, and signs a promissory note, promising to pay Tom this amount plus 10 percent interest in one year. Tom indorses the note and negotiates it to Fronston
Fronston indorses the note and negotiates it to Liza. Liza presents the note to Martin for payment when the note is due. Martin refuses to pay the note. Who is secondarily liable to pay Liza?
A) Tom
B) Frontston
C) Martin
D) the bank that issued the check to Tom
B
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Jake is the only one of the employees who ____ authorized to make expenditures from that account
A) were B) are C) is
Few securities can be resold without registration
a. True b. False Indicate whether the statement is true or false
The mortgage clause on a homeowners insurance policy requires that
A) you must be promptly notified if the holder of your mortgage transfers the contract to another lending institution. B) payments for damages to the structure of the building be made to the mortgagee who will hold the funds until repairs are completed. C) if insurance premiums are not paid on time, the lender may revoke your home mortgage. D) in the event you are held liable for damages to a third party, the courts may not attach a lien on the mortgaged equity in the home.
Refer to the Shipping Costs for The Allied Motors Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints--except the nonnegativity constraints of the decision variables--should be set as an equal to (=) sign in the Excel Solver dialogue.) At the optimum solution, the total cost of shipping from all plants to Shreveport is ______.
A. $893
B. $533
C. $672
D. $576