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MrRa [10]
3 years ago
15

To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A prope

r indorsement of the check is: a.not possible. b."Smith" and "Jones" only. c."Smith" only, or "Jones" only, but not "Smith" and "Jones." d."Smith" only, or "Jones" only, or "Smith" and "Jones."
Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

to Smith only, or Jones only, or Smith and Jones

Explanation:

In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.

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MAXImum [283]

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ransfers real estate worth $180,000 (basis of $40,000) andservices (worth $20,000) rendered in organizing the corporation. Each
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3 0
3 years ago
After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking
MakcuM [25]

Answer:

257 boxes

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