The instrument that Shawn must use is “payable to the order of” before the name of the payee.
<h3>Requirements of Negotiability </h3>
- The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
- Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
- In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
- This restriction exists to prohibit an instrument from having an uncertain value.
- If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.
Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.
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Answer:
Businesses that produce good products are rewarded with profits
Explanation:
In the free enterprise system, governments do not interfere with economic activities in the country. The private sector does all the production and distribution of goods and services.
No restrictions are put in place on the type or number of businesses that entrepreneurs can operate. Due to this reason, business competition is very intense. Customers choose their preferred products from a wide variety offered by the many suppliers. Producers who make products that satisfy customers' needs are rewarded with profits.
Answer:
150
Explanation:
As we know that
The marginal rate of technical substitution (MRTS) = Marginal product of labor ÷ Marginal product of capital
where,
The marginal rate of technical substitution (MRTS) = 0.20
And, the marginal product of labor is 30 chips per hour
So, the marginal product of capital is
= 30 chips per hour ÷ 0.20
= 150
The marginal rate of technical substitution (MRTS) shows a relationship between the marginal product of labor and the marginal product of capital
