Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then indorses it to Nat, the present holder. Suppose that Mona pays Nat on the note. With timely notice to theproper parties, Mona may collect payment on the note from
a. Jake, Kim, or Lou.
b. Jake or Kim only.
c. lou only.
d. no one
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Enron employee who reported the financial manipulations at the company to her superiors can be considered to have engaged in: a. managerial opportunism. b. white-collar crime. c. vindictive disloyalty. d. an act of courage.
Answers (1)
Imprudential, Inc., has an unfunded pension liability of $415 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.
Answers (1)
Which one of the following is not a factor that influences a business's control environment? Group of answer choices management's philosophy and operating style organizational structure proofs and security measures personnel policies
Answers (1)
When stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies, this is called a:
Answers (1)
Which of the following is a credit card term that would NOT increase the amount of money you owe the credit card company? A. Monthly Billing Statement B. Annual Percentage Rate C. Late Payment Fee D. Annual Fee
Answers (2)
New Questions in Business
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct labor $ 770,000 Other variable manufacturing costs 135,000 Depreciation of factory building and manufacturing equipment
Answers (1)
Which of the following individuals are required to pay taxes to fund Social Security and Medicare? A. Employees. B. Employers. C. Self-employed individuals. D. Employees, employers, and self-employed individuals.
Answers (1)
Mopsun, a garment store, sells customized hoodies at $7 per unit. the total fixed costs add up to $8000 per year, and the variable costs add up to $3 per unit. how many hoodies should mopsun sell every year in order to cover all costs?
Answers (1)
Assume that a restaurant is hiring labor in an amount such that the MRC of the last worker is $16 and her MRP is $12. On the basis of this information we can say that:A. profits will be increased by hiring additional workers. B.
Answers (1)
Kawasaki Company incurred the following unit costs in manufacturing digital cameras: Direct Materials $14 Indirect Materials (variable) $4 Direct Labor $8 Indirect Labor (variable) $6 Other Variable Factory Overhead $10 Fixed Factory Overhead $28
Answers (1)