Revised Article 3 provides that the impostor rule does not include an impostor who impersonates an agent of a principal and who induces someone to create a negotiable instrument payable to the principal
a. True
b. False
Indicate whether the statement is true or false
False
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What are the advantages of locating a startup in one's home community?
What will be an ideal response?
A prefabricated steel storage shed is purchased for $20,000 cash and a $80,000 interest-bearing note payable over a 5-year period at an annual interest rate of 10 percent per annum. The cost to be recorded as an asset (in addition to the $100,000 purchase price) should include all of the following except
a. shipping and handling charges. b. insurance while in transit. c. interest on the note payable. d. reassembly and installation costs. e. All of these answer choices are costs to be recorded as assets.
Everyday business words like ‘headquarters’, ‘heads of department’ reflect the image of organizations as ___________.
a. Hierarchies b. Superior c. Designed d. Barber shops
Because of the increasing use of criminal sanctions to enforce government regulation of business, criminal law is an essential part of business law
a. True b. False Indicate whether the statement is true or false