1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
8

Tim wrote a negotiable note. Subsequently, Tim's debts were discharged in bankruptcy. If a holder in due course presents the not

e for payment, Tim does not have to pay.
True / False.
Business
1 answer:
fomenos3 years ago
5 0

Answer:

TRUE

Explanation:

Bankruptcy is a legal framework, in which borrowers who cannot pay their loans, may seek relief from all of their liabilities from individuals or other organizations. In most states, a judge's order mandates bankruptcy.

In this situation, Tim is a bankrupt person, tin wrote a negotiable note but now Tim has got relief from his liabilities, so he has not to pay against his negotiable note.

Therefore, the following situation is TRUE .

You might be interested in
According to the time-driven model of leadership, _____ styles should be used for decisions for which employee commitment is uni
telo118 [61]
According to the time-driven model of leadership, AUTOCRATIC styles should be used for decisions for which employee commitment is unimportant.
5 0
3 years ago
Badan
Leokris [45]

Answer:

check it

Explanation:

Which statement explains why Elie Wiesel most likely wrote All Rivers Run to the Sea as a memoir?

to reveal the traumatic impact the Holocaust had on his life

to persuade world leaders to take action against oppression

to provide a historical account of Poland during World War II

to convince other Holocaust survivors to share their stories

7 0
2 years ago
What is the reason AD is downward sloping ? what causes AD to shift? Define OKun's law
salantis [7]

Answer:

Increased spending power.

Explanation:

At a lower price level, consumers are likely to have higher disposable income and therefore spend more.

4 0
3 years ago
Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 2014 and $6,000 was spent on a major overhaul
vredina [299]

Answer:

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

Explanation:

Preparation of the Journal entry to record the disposition of the equipment

Since we were told that Lewis Company sold

the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

(20,000+11,000)

4 0
3 years ago
What is the most likely effect of the development of XBOX with DVD capabilities on the DVD player industry? a. ​decreased price
Shkiper50 [21]

Answer:

The correct answer is letter "B": ​Increased price elasticity of demand for the DVD player industry because XBOX are substitutes.

Explanation:

Price elasticity of demand reflects the changes in quantity demanded for a good or service as a result of changes in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1) the demand is elastic.<em> It means a minimum change in price has a major impact on the quantity demanded volume. </em>

Thus, <em>if XBOX implements DVD features, DVD players will face an increase in their price elasticity of demand because changing DVD players' prices could change their quantity demanded by far because consumers will prefer purchasing an XBOX which is a substitute.</em>

7 0
3 years ago
Other questions:
  • according to the law of supply if the price of apple juice rises producers of apple juice will be willing and able to.
    11·1 answer
  • Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales
    7·1 answer
  • When the B2B market is segmented on the basis of product specifications issued by buyers, it is known as _____ segmentation.A. c
    9·1 answer
  • Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Charles wants to sell his bic
    9·1 answer
  • Scoring at least 80 percent on the next anatomy test is a specific goal.<br> True or false
    7·2 answers
  • The ""Relevant Skills and Accomplishments"" section is typically included only in ______________ resumes.
    10·1 answer
  • Lawrence recently bought a brand new Bentley Mulsanne, a very expensive car, but he is suffering from buyer's remorse. He wishes
    13·1 answer
  • The best cooling methods include all the following except
    15·2 answers
  • The relationships between inventory and throughput, and inventory and operating expense are defined as follows: As everyone is s
    14·1 answer
  • A 5-year bond with a 10% coupon rate was purchased at $980 at issue and sold at $1020 by end of year 4. What is the investor's y
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!