Opal signs a promissory note payable to the order of Payday Loan Company. The note states that it is payable “with interest at the legal rate.” This note is
A. negotiable.
B. nonnegotiable, because it does not state a specific rate of interest.
C. nonnegotiable, because it is a promissory note.
D. nonnegotiable, because it is payable only with interest.
Answer: A
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The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the ____. For example, a manager who uses this model may be personally opposed to outsourcing jobs overseas, but she nonetheless decides to outsource customer-service operations to India because doing so is in the company's best interests.
A. employee relations model B. focused decision-making model C. interpersonal-decision agenda D. solutions agenda E. rational decision-making model
Which of the following is the best example of a solo market exchange?
A. Sunil signs a service contract with a cleaning company. B. Mariah purchases a box of cookies from a store while on vacation. C. Tommy buys the same brand of toothpaste because he likes the way it tastes. D. Jimmy buys a new suit from a tailor who visits his office every quarter. E. Fred purchases an apartment from his friend who owns a construction company.
The balance sheet of a sole proprietorship will report two equity accounts: one for amounts contributed by the owner, and one for the earnings of the business.
Answer the following statement true (T) or false (F)
When selecting an ERP software package, it is important to research all aspects of the package including the platform on which it will run
Indicate whether the statement is true or false