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Mnenie [13.5K]
3 years ago
9

To be liable on a negotiable instrument, a person must:

Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

The correct answer is letter "A": sign the instrument.

Explanation:

When talking about negotiable instruments, there are two types of liabilities: <em>Signature Liability </em>and <em>Warranty Liability</em>. Signature Liability refers to those documents where who signs is potentially liable for the responsibilities of the document stated. Warranty Liability is where the liability relies on the person to whom the document was transferred in good faith.

In both cases, <em>the initial holder of the document must sing the instrument so it will be clear to whom belongs the liability.</em>

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A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e
Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

7 0
3 years ago
Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider
olga nikolaevna [1]

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

6 0
3 years ago
2. If the government decided to subsidize the production of a good, the result would be a decrease in the equilibrium price and
kogti [31]

Answer: True

Explanation:

The subsidy will increase the supply of the good, and therefore the supply curve will shift to the right. Then its intersection with the demand curve will be located at a lower price and with a larger quantity.

5 0
3 years ago
A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
faust18 [17]

it's half a year out of 5, so 1/10 of the useful lifetime of the van

$61,000 - $4,900 is $56.1000

one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
2 years ago
What is the main difference between ballon mortgage and arm
LenKa [72]

Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

4 0
3 years ago
Read 2 more answers
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