Which of the following is one of the UCC's requirements for an instrument to be negotiable:
a. it must be written
b. it must be an unconditional order or promise to pay c. it must be signed by the maker or drawer
d. it must be payable on demand or at a specified time e. all of the other specific choices are correct
e
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At a price of $2,000, the demand for Ranger 60 mountain bikes from Cloyd's Inc. is 300, but only 191 bikes are being made. At a price of $2,300, the demand for the bikes is 250, and exactly 250 bikes are being made
If Cloyd'ssells each one of the bikes at a price lower than $2,300, _____. a. a shortage of bikes will be created b. the number of bikes being made will increase drastically c. an inelastic demand for the bikes will be created d. the demand and supply for the bike will attain equilibrium
List the presentment warranties related to negotiable instruments
What will be an ideal response?
How could an individual obtain a business tax credit?
A. Through flow-through from a partnership or S corporation B. By working overseas and obtaining a foreign tax credit C. Through self-employment activities D. All of these choices are correct
Which of the following securities has the highest priority with regard to the distribution of both earnings and proceeds from the liquidation of assets of a firm?
A. Corporate bonds B. Preferred stock C. Common stock D. American depository receipts (ADRs) E. Foreign stocks