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Slav-nsk [51]
2 years ago
12

Tom was CEO of a company. He stole money from the company by writing a series of checks made out to “Cash” which he deposited in

his own personal account at Bank. (Please do not try this at home.) Of course, he then spent the money. The company sued the Bank to get the money back.
Was the Bank a holder in due course?
Business
1 answer:
xxTIMURxx [149]2 years ago
6 0

In the given case, bank is  not consider as holder in due course because here it will act as intermediary who collected amount from company's account.

<h3>What is holder in due course?</h3>

A holder in due course refers to an individual who have the authority to hold the negotiable instrument in good faith.

This holder in due course will be referred to as the person who have received or given something in exchange for the instrument.

When any individual receives a gift from someone, then it will not be considered as holder in due course because he had not given any value in exchange.

So yes, in this situation when the CEO stole money from the company  by writing a series of checks and withdrawing it in a personal account at the bank. Bank will be not be considered as holder in due course due to intermediary role.

Learn more about holder in due course, here:

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Type the correct answer in the box.
igomit [66]

Targeting strategy is the strategy you following if you are concentrating on serving a particular segment of customers better.

<h3><u>Explanation:</u></h3>

Customer segmentation, targeting and position is the major things that are to be concentrated in making the products to move well in the market. segmentation refers to the grouping of customers based on certain characteristics such as demography,age,gender,etc. Customer segmentation is followed by the targeting strategy.

Targeting refers to the advertising activities and other services for only a certain segments. For example the product called kinder joy only targets on the children segment. It only identifies certain segment and focuses on it to better serve that particular segment.

8 0
3 years ago
in 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks,
BigorU [14]

In 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks, appropriations have to shrink as well.

<h3>what is texas constitution ?</h3>

The Texas Constitution is the fundamental governing document of Texas, describes the structure and function of the government, it consists of a preamble and 17 articles.

  • Article 1  represents Bill of Rights and consists of 34 sections.

  • Article 2  represents the Power of Government which provides for the separation of the powers of the government.

  • Article 3 represent the Legislative Department, include the legislative power of the state of Texas and  consists of the Texas Senate and Texas House of Representatives.

  • Article 4 Executive Department and it consists of 26 sections which describes the powers and duties the officials of  state's executive.

  • Article 5 Judicial Department consists of 32 sections, explains the composition, powers of the Texas Supreme Court, the Court of Criminal Appeals,  Justice of the Peace Courts etc.

  • Article 6 Suffrage consists of five sections, defines classes of persons are not allowed to vote like minors, persons convicted of a felony etc.

  • Article 7 Education consists of 20 sections,  provisions for public schools, asylums and universities.

  • Article 8 Taxation and Revenue which places various restrictions on the ability of the Legislature and local governments to impose taxes like local property taxes.

Learn more about texas constitution , here:

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4 0
2 years ago
Explain the importance of knowing dependent and independent demand models to companies.
ArbitrLikvidat [17]

The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

  • To understand inventory.
  • Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

<h3>What is independent demand and dependent demand?</h3>

Independent demand is known to be the demand for a given finished product. It can be a machine, a car. etc.

The dependent demand is known to be the demand for a component area of a finished good, such as the wheels on a car.

Note that the Dependent demand is one that is obtained from the demand for a finished product.

Therefore, The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

  • To understand inventory.
  • Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

Learn more about demand models from

brainly.com/question/23879110

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8 0
1 year ago
A manufacturer reports the following costs to produce 10,000 units in its first year of operations:
rewona [7]

Answer:

Option (C) is correct.

Explanation:

Variable overhead per unit:

= Variable overhead ÷ Total units produced

= $70,000 ÷ 10,000

= $7 per unit

Fixed overhead per unit:

= Fixed overhead ÷ Total units produced

= 120,000 ÷ 10,000

= $12 per unit

Total product cost:

= Direct materials + Direct labor + Variable overhead + Fixed overhead

= 10 + 6 + 7 + 12

= $35 per unit

7 0
3 years ago
Reuse of large amounts of copyrighted film in a documentary would not constitute a copyright infringement.
KATRIN_1 [288]

Answer:

B. False

Explanation:

I majored in Business

3 0
3 years ago
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