To qualify as a holder in due course, the holder must first be a(n)
a. payee of the instrument.
b. holder of the instrument.
c. indorser.
d. assignee.
B
You might also like to view...
The GASB sets accounting standards for all of the following except:
A. Governmentally related not-for-profit universities. B. Nongovernmental not-for-profit hospital. C. Component units owned or controlled by governments. D. State and local governments.
Which of the following is NOT an implication of globalization of business?
a. Globalization means a business can sell in a foreign country. b. Globalization means a business can manufacture products in a foreign land. c. Globalization means a business can buy materials from overseas suppliers. d. Globalization means a business can avoid payment of tariffs on goods and services.
Beth purchased a participating life insurance policy 6 years ago
Her life insurance needs have increased, but she has developed a medical condition that makes it impossible for her to purchase more life insurance at affordable premiums. Which dividend option makes sense for Beth to use given her medical condition? A) cash B) apply to premium C) dividend accumulations D) paid-up additions
________ is the potential use of fixed costs to magnify the effect of changes in sales on the firm's earnings per share
A) Investing leverage B) Total leverage C) Operating leverage D) Financial leverage