A holder in due course negotiated an instrument to Darla. Darla is a not a holder in due course. Which of the following defense could be successfully raised against paying Darla?
a. Forgery
b. Non-delivery
c. Breach of contract
d. Fraud in the inducement
a
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In the Kellogg's example given in your text, as a result of problem-solving research, Kellogg's found out that it was not being creative in introducing new products to meet the needs of the adult market
Indicate whether the statement is true or false
What is the best input for changing and improving a code of ethics over time?
a. industry standards b. employee feedback c. legal advice d. CEO or president leadership style
Unlike ordering cost, setup cost:
A) includes the costs of completing paperwork, making phone calls, and getting competing bids. B) is the cost of keeping inventory until it is used or sold. C) is the cost of changing or adjusting a machine so that it can produce a different kind of inventory. D) is also known as carrying or storage cost.
Decker EnterprisesBelow are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statementCurrent
Projected Salesna 1,500 Costsna 1,080 Profit before taxna 420 Taxes (25%)na 105 Net incomena 315 Dividendsna 95 Balance sheetsCurrentProjected CurrentProjectedCurrent assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 Based on the projections, Decker will have A. a financing surplus of $36 B. a financing deficit of $36 C. a financing surplus of $255 D. a financing deficit of $255 E. zero financing surplus or deficit