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Katena32 [7]
3 years ago
15

Billy owes a liquidated debt of $3,000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has

marked, "Payment in Full." If Rayna cashes the check she will NOT be able to successfully sue Billy for the remainder of the debt.
Business
1 answer:
miss Akunina [59]3 years ago
5 0

Answer:

False

Explanation:

The liability still remains in force unless the lender agrees to forfeit the balance of $2,700. Legally, the lender can sue the borrower to enforce her right in the court and be justified because she has not waived the outstanding liability owed to her.

As in the above case, the lender Rayna has not ignored the balance owed to her by Billy despite receiving $300 as being a full payment marked on the cheque.

This means that the balance of $2,700 is still outstanding against Billy and must be paid to the lender-Rayna because she has not waived the liability.

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Strategic business unit (SBU) is a division of the firm itself that can be managed and operated independently from other divisions.

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Answer:

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Explanation:

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Eddie's company is using a forced ranking performance review system.

<h3>What is forced ranking?</h3>
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  • Employees are evaluated from best to worst depending on their performance in a system known as forced ranking.
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Therefore, Eddie's company is using a forced ranking performance review system.

Know more about forced ranking here:

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