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
Why are financial intermediaries willing to engage in information collection activities when investors in financial instruments
d1i1m1o1n [39]

Answer:

C. Banks make private​ loans; their conclusions on who is creditworthy are not made public.

Explanation:

Investors in financial instruments who engage in information collection face a free-rider problem, which means other investors may be able to benefit from their information without paying for it.

Individual investors, therefore, have inadequate incentives to devote resources to gather information about borrowers who issue securities.

4 0
3 years ago
Cybernet Systems is a​ start-up company that makes connectors for​ high-speed Internet connections. The company has budgeted
Sophie [7]

Answer:

$10,950 Unfavorable

Explanation:

For computation of flexible budget variance for total costs first we need to find out the standard cost which is shown below:-

Standard cost = (Sold connectors × budgeted variable costs) + Fixed costs per month

= (77 × $150) + $5,500

= $11,550 + $5,500

= $17,050

Flexible budget variance for total costs = Actual cost - Standard cost

= $28,000 - $17,050

= $10,950 Unfavorable

8 0
3 years ago
The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $320,000, Office salaries, $64,000, Federal
vfiekz [6]

Answer:

1 Total premium % paid by Employees Premium paid by employees Premium paid by employer Employee medical insurance payable 7500 40% 3000 4500 Employee life insurance payable 4500

Explanation:

5 0
3 years ago
Sustainable development refers to A. placing restraints on a company's growth until all ancillary support services are in place
Semmy [17]

Answer:

The correct answer is letter "C": conducting business in a way that protects the natural environment while making economic progress.

Explanation:

Sustainable development is the capacity an institution has to satisfy individuals' needs without damaging the environment neither harming the atmosphere. To reach this stage there must be an equilibrium between the <em>economy, society, </em>and <em>the environment.</em> Sustainable development is difficult to be obtained with high poverty rates, habitats destruction, or indiscriminately resources exploitation.

4 0
3 years ago
Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? W
damaskus [11]

Answer:

I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear

Explanation:

I took the test

Brainiest???

7 0
3 years ago
Read 2 more answers
Other questions:
  • Choose the term that best matches the description given.
    15·1 answer
  • A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special
    5·1 answer
  • Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the tot
    10·1 answer
  • Interior Designs has a days sales in inventory of 51 days, an average payment period of 38 days, and an average collection perio
    7·1 answer
  • Nick is considering investing in a two year $10,000 bond paying a coupon rate of 4%. The market interest rate is 5%. Calculate t
    10·1 answer
  • "A company offers ID theft protection using leads obtained from client banks. Four employees work 40 hour a week on the lead, at
    5·1 answer
  • To reach the maximum money​ multiplier, it is assumed that A. there is insufficient loan demand. B. commercial banks keep excess
    13·1 answer
  • One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of
    9·1 answer
  • Most people lose their jobs not because they could not do the work, but because they failed to get along and fit in with others
    12·1 answer
  • what is the population doubling time in years for a country with an annual growth rate of 3.5 percent?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!