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Harrizon [31]
3 years ago
6

Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he

will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, who Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry:
Business
1 answer:
Blizzard [7]3 years ago
6 0

Answer:

Holder in due course

Explanation:

A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders

So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft

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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
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Answer and Explanation:

The computation is shown below:

a. The margin is

= Net operating income ÷ Sales

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b. The turnover is

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c. The return on investment is

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=  14.77%

Hence, the above formulas to be applied

4 0
3 years ago
Carla Vista Company purchases Sandhill Company for $2470000 cash on January 1, 2021. The book value of Sandhill Company’s net as
Nady [450]

Answer: $214000

Explanation:

The amount of goodwill that should be recognized by Carla Vista Company when recording the purchase of Sandhill Company will go thus:

Book value of net assets = $1923000

Add: Excess fair value of tangible asset = $190500

Add: Excess fair value of intangible assets = $142500

Fair value of net assets = $1923000 + $190500 + $142500 = $2256000

Therefore, Goodwill will be:

=Cash paid for purchase - Fair value of net assets

= $2470000 - $2256000

= $214000

3 0
3 years ago
Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
FromTheMoon [43]

Answer:

t

Explanation:

the letter t is cool

5 0
3 years ago
What type of life insurance has cash value
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3 years ago
OSHA is an acronym that represents:
Svetach [21]
Your answer would be D.) Occupational safety and health administration 

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