Business, 15.11.2019 20:31 kiwipup16

Susie smith signed a note agreeing to pay "annie greene, mary hodge" $1,000. the payment was for painting her house. an issue with the note was that it spelled annie's last name "greene," whereas annie spells it simply "green." annie and mary had a disagreement regarding how to split up the funds for painting the house. annie proceeded to sign the note on the back "annie green" and presented it to bill brown to satisfy a debt that she owed him. bill brown endorsed the note on the back and took it to the bank for payment. mary is unhappy because she did not obtain any of the funds and stated that annie could not legally endorse the instrument because it misspelled her name and because mary did not sign it. which of the following is true regarding mary's claim that the endorsement by annie was illegal because the note misspelled annie's name?
a) he is not a holder in due course because he did not provide value. b) he is not a holder because he did not provide value. c) he is not a holder nor is he a holder in due course because he did not provide value. d) the fact that a gift was involved does not prevent sam from being a holder in due course so long as other requirements are satisfied. e) the fact that a gift was involved does not prevent sam from being a holder in due course so long as other requirements are satisfied and sam is not a minor.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:30

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Answers: 2

Answer

Business, 22.06.2019 13:00

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

Answers: 3

Answer

Business, 22.06.2019 17:30

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Answers: 3

Answer

Business, 22.06.2019 19:20

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Answers: 1

Answer

You know the right answer?

Susie smith signed a note agreeing to pay "annie greene, mary hodge" $1,000. the payment was for pai...

Questions