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Harrizon [31]
1 year ago
9

With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or he

r signature. With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature. True False
Business
1 answer:
VikaD [51]1 year ago
4 0

With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature. With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or her signature, its true.

<h3>How is a payee identified on the negotiable instrument?</h3>
  • A payee may be named or identified in an instrument in a variety of ways, including by name, identification number, office, or account number.
  • Regardless of whether the intended recipient's legal name is printed on the instrument, an instrument is typically payable to the person for whom it was issued.

<h3>Who can transfer an order instrument by endorsing it?</h3>
  • Only by endorsement and delivery can a promissory note, a check, or a bill of exchange payment to order be bargained.
  • The transferee does not become a holder until the holder delivers the instrument and signs his endorsement on it.
  • If there are multiple payees, everyone must sign the agreement.

<h3>Who can endorse an instrument?</h3>
  • The instrument cannot be endorsable by the manufacturer or the drawer, but if any of them has acquired possession of it, he may do so. (Sec. 51).
  • If the creator or drawer is not the holder of the instrument or in legitimate possession of it, he cannot negotiate or endorse it.

Learn more about instrument here:

brainly.com/question/1520067

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Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her mo
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Answer:

two qualities candace should look for...

Explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

6 0
3 years ago
A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time p
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Answer:

The answer is aging of accounts receivable method.

Explanation:

This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.

8 0
3 years ago
A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

                                                              = 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0
3 years ago
Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that
Sever21 [200]

Answer:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

Dr Plan assets - pension 411,400

Cr Service cost 245,000

Cr Interest 166,400

Explanation:

Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City

Since we are Assuming that the plan investments was $184,300 while the service cost component is the sum of $245,000, and interest on the pension liability is the sum of $166,400 for the year this means the Journal entries to record annual pension expense for the enterprise fund of Amherst City will be:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

(245,000+166,400)

Dr Plan assets - pension 411,400

(245,000+166,400)

Cr Service cost 245,000

Cr Interest 166,400

4 0
3 years ago
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