Edna is the payee of a bearer instrument-a promissory note in the amount of $10,000. Flem offers to irrigate Edna's ranch next week in exchange for the note. She agrees and delivers the note to Flem. Flem is

A. not an HDC, because he did not yet give value for the instrument.

B. an HDC, because he promised to perform services at a future date.

C. not an HDC, because he did not acquire the instrument in good faith.

D. an HDC, because the transferor was the original payee on the note.

Answers

Answer 1

Based on the agreement between Edna and Flem for the latter to irrigate the ranch of the former, Flem is A. not an HDC, because he did not yet give value for the instrument.

Why is Flem not an HDC?

Flem cannot be considered a Holder in Due Course because Flem has not yet irrigated the ranch.

This means that they have not yet fulfilled their side of the bargain and so cannot fully lay claim to the promissory note, and receive the debt payments therein.

In conclusion, option A is correct.

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Related Questions

According to the CVP analysis model and assuming all else remains the same, profits would be increased by a(n) ______. Multiple choice question.

Answers

Answer:

decrease in the unit variable cost

Explanation:

A country that does not implement quotas on imported products and does not limit what its citizens can produce and sell to another country is practicing _____.

Answers

A country that does not implement quotas on imported products and does not limit is practising free trade.

What is free trade?

Free trade refers to an agreement between two or more countries, who come together to promote trade relation among themselves. These countries remove barrier or policies that could hamper import and export among member countries.

One of the advantages of free trade is that there is economic efficiency. This is because member countries are able to trade among themselves with any trade restriction.

Hence, a country that does not implement quotas on imported products and does not limit is practising free trade.

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Steve can bake either 4 loaves of bread or 8 dozen cookies a day. Sarah can bake either 4 loaves of bread or 4 dozen cookies a day.
a. Show the production possibilities frontiers for Steve and Sarah
b. Suppose trade is not allowed between Steve and Sarah and as a result, both Steve and Sarah spending half a day (12 hours) baking bread and the other half a day baking cookie. Show both the production and consumption bundles for Steve and Sarah on their respective PPFs, when trade is not allowed between Steve and Sarah.
c. Show, using production possibility frontiers in (a), that Steve and Sarah would be better off specializing in their baking activities and then trading, rather than baking only for themselves. Be specific and state the production and consumption bundles with trade

Answers

The production possibility frontier (PPF) of both Steve and Sarah per day is given in graph A.

Production and consumption bundle of Steve and Sarah on their respective PPF when trade is not allowed is given in graph B

Consumption of steve:

2 Loaves of bread and 6 cookies

Consumption of sarah:

2 Loaves of bread and 2 cookies

The opportunity cost of baking bread for steve:

4 Bread = 12 cookies

4 : 12

= 1 : 3

So,

1 Bread = 3 cookies

The opportunity cost of baking bread for Sarah:

4 Bread = 4 cookies

4 : 4

= 1 : 1

So,

1 Bread = 1 cookies

The opportunity cost of cookies for steve:

12 cookies = 4 Bread

3 cookies = 1 bread

1 cookie = 1/3 bread

The opportunity cost of cookies for Sarah:

4 cookies = 4Bread

1 cookies = 1 Bread

Recall, the lower the opportunity cost, the higher the comparative advantage

Therefore,

Steve has a comparative advantage in producing cookies while Sarah has a comparative advantage in producing bread

Before trade:

Total consumption = 4 Bread 8 cookies

After trade:

Total consumption = 4 Bread 12 cookies

In conclusion, the economy is better off

What is production possibility frontier?

The production possibility frontier also known as the production possibility curve is the graphical representation of possible combination of goods that can be produced by a producer at a particular time with the available resources.

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In supporting their local economic base, cities may at times incur expenses from doing business with entities located outside of their local community (e.g., in cities with high tourist activity, souvenirs are likely to come from low-wage countries). These expenses are an example of ______ from the local economy.

Answers

When cities incur expenses by doing business with entities outside of their economic base, these are called Leakages.

What are leakages?

These refer to the flow of cash and resources out of a local economy to other economies.

When cities engage in business with entities from outside their economy, they would be passing on cash to those entities. This cash would therefore leave the local economy which makes it a leakage.

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Money has time value because: _______________

a. people prefer to sell things later rather than today.
b. people do not require compensation for deferring consumption.
c. people can earn interest on money that is invested.
d. people prefer to receive money tomorrow than today because it is worth more.

Answers

Answer:

We can try to get a lot of money for family to stay comfortably in future.

Money has time value because people prefer to receive money tomorrow than today because it is worth more. Hence, option D is the correct answer.

The statement "money has time value" refers to the concept that the value of money can change over time. Time value of money recognizes that a dollar received today is generally considered more valuable than receiving the same dollar in the future. There are several reasons for this:

Opportunity CostInflationRisk and Uncertainty

The time value of money recognizes that receiving money today allows individuals to benefit from opportunities, mitigate the impact of inflation, and have greater control and certainty over its use.  

Therefore, option D is the correct answer.

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Gina Baccardi is an accounting intern working under the tax accountant for Starlight Fashions, a clothing manufacturer, in New York City. Gina’s salary would be classified as

Answers

Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..

What is period cost?

In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc

In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.

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Bianca is a product engineer at Argon Inc. She learns that the salary she receives is less than that received by the other product engineers in the company with similar qualifications and job experience as hers. As a result, she becomes unhappy with her compensation and feels demotivated. She later talks to her manager and asks for a raise. In this scenario, Bianca has experienced problems with _____.

Answers

In this scenario in which Bianca is unhappy with her remuneration and feels unmotivated, it can be said that she had problems with her internal equity.

Definition of internal equity

In a work environment, it means the form of treatment and equal remuneration of employees, whether related to salaries, benefits or internal relationship.

Therefore, in an organization with internal equity problems, there may be conflicts, demotivation and an increase in employee turnover, being essential the analysis and effective decision-making of the leader to solve this issue.

The correct answer is:

Internal equity

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The purpose of _____ is to set goals and decide on the courses of action that will be used to achieve them.

Answers

Answer:

Planning

Explanation:

I think is the answer lmk if its wrong:)

Answer:

Planning

Explanation:

How frequently is the survey that determines unemployment released?.

Answers

The survey that determines unemployment is released every month

The survey that determines unemployment i

Generally, the survey that determines unemployment is collected every month in the Current Population Survey

In the USA,data is collected form 60,000 homes, this  Census is  done every month

Therefore,  the survey that determines unemployment is released every month

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Identify the stage of the rational decision-making process illustrated by the situation. Your goal was to capture at least 25% market share by the end of the year, but with six months to go you have only 15% market share.
Identify the problem
State the situational goal
Generate alternatives
Read this brief case study and answer the question that follows.
CASE STUDY
Your candy making company is at a crossroads. You have maxed out your current production capacity, but think that there may be a new opportunity in custom fruity nut caramel clusters that could be very profitable to the company. You think through your options, and decide that you would like to expand your company to include this high potential new product.
As the production line for the custom fruity nut caramel clusters is being implemented you realize that if you do it slightly differently than you originally decided you can produce 10% more candy every hour.
Choose an alternative
Evaluate alternatives
Control
Although you thought that paying high performers significantly more than low performers best motivated your employees, when you looked at the data you found that wide disparities in pay actually weakened trust among team members and the social connectivity that contributes to strong team- based decision-making.
Alternative generation
Choose an alternative
Evidence-based management

Answers

1. The stage of the rational decision-making process illustrated by the situation is B. State the situational goals.

What is rational decision-making?

Rational decision-making involves the following seven steps:

Identify the decision (state the goals)Gather relevant informationIdentify the alternativesWeigh the evidenceChoose among the alternativesTake actionReview your decision.

What is a situational goal?

A situational goal concentrates on assessing individuals for their strengths, skills, and levels of maturity in achieving stated the goal.

Thus, stating the situational goals is one of the stages of the rational decision-making process.

2. When the candy-making company comes to a crossroads, with an expansion decision that changes midway, what you are doing is C. Control.

What is Control in Management?

In management, control checks errors so that corrective actions are taken timely.

Implementing this function of management helps the organization to avoid deviations that can ruin the attainment of its goals.

3. Discovering that paying high performers significantly more than low performers weakened team trust and the essential social connectivity that contributes to strong team-based decision-making, means that you are using C. Evidence-based management style.

What is evidence-based management?

Evidence-based management helps managers to embark on critical evaluation of the following factors concerning the evidence:

ValidityGeneralizabilityApplicability.

Thus, the rational decision-making process involves choosing the best solution to a problem.

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Please help meee!!

People who write their goals down are statistically _________ likely to achieve them than those who do not.

A. less
B. more
C. equally
D. slightly less

This is in Career

Answers

Answer:

B because you're moreَ motivated to reach it

What does it mean when your tax return says acknowledged.

Answers

Answer:

Acknowledged: Your return has been submitted and accepted by the IRS/state.

The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as:

Answers

The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.

What is disposable income?

Disposable income is the excess income that remains after the consumer or income earner has paid for the necessities of life.  The necessities of life include food, clothing, and shelter.

The consumer can use the disposable income to build up their budget and increase their savings.

Disposable income can be differentiated from discretionary income.  Discretionary income includes the amount of income that the consumer can further spend, invest, or save after the payment of taxes and personal necessities.

Thus, the amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.

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One of the challenges Uniqlo faced when moving to large cities in the United States was the expense of maintaining a building location in a downtown area that would be big enough to house all of the products it wanted to sell. This is an issue with:

Answers

The issue above, where expense of maintaining a building location in a downtown area serves as challenge that was faced by Uniqlo can be attributed to Capital requirements.

What is Capital requirements?

Capital requirements  can be regarded as the  regulatory standards for banks, and this put them on check about  how much liquid capital they must keep on hand.

 Capital requirements  is been used as a tool to tighten an economic  after recession.

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Top management sets the vision for the organization and may work with others to establish a mission statement that outlines its.

Answers

Top management sets the vision for the organization and may work with others to establish a mission statement that outlines its product or service offering.

What is product offering?

Product offering is a group of platform features which work together in order to deliver a specific value proposition for the end user. It is designed to deliver value to customers in terms of fulfilling their needs.

With regards, to the above, after top management have made their vision and mission known to the organization, the next step is to outline the company's product or service offering.

Hence, top management sets the vision for the organization and may work with others to establish a mission statement that outlines its product or service offering.

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Answer:

product or service offering

self-concept

Explanation:

When supply goes up, price goes down and when price goes up, supply goes down. Products are elastic if price has a large impact on supply, they are inelastic if supply remains relatively constant due to fluctuations in price. This is call Answer: Demand of Supply Elasticity of Supply Neither

Answers

Answer:

A higher equilibrium price

Question 7 of 10
What is the main disadvantage of overdraft protection?
A. Banks usually charge a fee when it is used.
B. Banks take several days to process the transaction.
C. It keeps a check from being returned due to insufficient funds.
D. It requires customers to maintain a positive account balance.

Answers

Answer:

b because I would say in am 72% sure I am right

Seth's Speakers had actual sales of $1,630,000 If break-even sales equals $935,000, Seth's margin of safety in dollars is ______.

Answers

Answer: $695,000

Explanation:$1,630,000-$935,000 = $695,000

An ad for Colgate Visible White shows someone using the brand and getting whiter teeth. This is an example of

Answers

The advertisement by Colgate Visible White can be depicted as a cognitive learning.

What is cognitive learning?

Cognitive learning simply means the change on knowledge attributable to the experience that the person has got.

It should be noted that the advertisement by Colgate Visible White can be depicted as a cognitive learning. Cognitive learning is an active process that engages the sense of the person.

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-Decide if there is a change in demand or just a change in the quantity demanded (movement along the demand curve). Graph the items in the ( )
-If there is a shift in demand state reason for the shift
-Graph each situation and use arrows to illustrate whether demand curve shifts right or left and whether the quantity demanded increases or decreases.

1.The price of gasoline falls (new automobiles)

2.The consumer income rises (new automobiles)

3.the price of pork falls. (Pork and chicken)

4. Household water rates rise (“desert plants”: drought tolerant for landscaping)

5. Pick up stix prices to rise next week (pick up stix food)

6.unemployment rate decreases (Disneyland passes)

7. Tariffs added on imported wine (imported & American wine)

8. Lindsey Lohan is seen wearing a rebel yell sweatshirt (rebel yell shirt)

9. Cream cheese experiences an increase in price (bagels)

10.new reports state Starbucks teas are good for your heart (Starbucks tea)

Answers

As the price of gas goes up, The buying and operating a car is said to be very expensive and as such, the demand for cars to decrease.

What is Demand?

The definition of Demand in terms of economics is simply known as the zeal or willingness of a consumers and their ability to buy or consume a given goods/services.

The determinants of demand are: Income Price of related goodsTastes and preferences

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The Luminarium Corporation has a market capitalization of $100,000,000, and each share is worth $100. How many outstanding shares of Luminarium Corporation are there

Answers

The number of outstanding shares of Luminarium Corporation in the market share is 1,000,000 shares.

What is an outstanding shares?

An outstanding shares refers to the number of a firm's shares that is traded on the secondary market.

Outstanding shares = $100,000,000/$100 per share

Outstanding shares = 1,000,000 shares

In conclusion, the number of outstanding shares of Luminarium Corporation in the market share is 1,000,000 shares.

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Chris and Nick hope to qualify for an FHA loan. Their lender calculates their housing ratio as 33% and their total debt obligation as 43%. Their credit score is 620. Do they qualify under FHA underwriting guidelines

Answers

Yes I ahreees with you

3.18 The diamond flowcharting symbol is also called the __________ symbol. a) determination b) derision c) declarative d) decision

Answers

Answer:

d) decision

Explanation:

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Julie stops at the grocery store to purchase detergent. Tide is her favorite brand, but if another detergent is less expensive, she buys it. This is an example of _____.

Answers

It’s Brand preference

If a wine company decides to focus its specialty of creating its products to rely on other business partners to fill in the supply chain gaps, which strategy is this wine company creating?.

Answers

When a wine company focuses on creating products while relying on other business partners to fill in the supply chain gaps, it is creating b. a channel strategy.

What is a channel strategy?

A channel strategy involves the use of the commerce chain to reach the end-users of the wine company's goods.

The company is not using a marketing strategy, which is broader in outlook nor a pricing strategy, which is one of the marketing strategies.

Answer Options:

a. a marketing strategy

b. a channel strategy

c. a pricing strategy

Thus, the wine company is using a channel strategy so that it can concentrate on its specialty of creating unique products instead of directly reaching out to consumers.

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DVDs at Target, Tee tried to remember the name of the action movie starring Harrison Ford as an archeologist so he could buy the DVD. Which step of the consumer decision-making process is this

Answers

The step of the consumer decision-making process which Tee made use of is:

e) Internal information search

What is Decision Making?

This refers to the critical analysis which a person has to make about a particular thing which would help him to come to a conclusion and make a decision.

With this in mind, we can see that Tee made use of the consumer decision-making process to make him remember the name of the action movie which starred Harrison Ford and he used Internal information search.

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When a firm goes bankrupt, shareholders ______. Multiple choice question. can sue for loses cannot recover their risk capital are entitled only to a fraction of their investment are entitled to help pay off debtors owed money by the firm

Answers

In a case whereby a firm goes bankrupt, shareholders cannot recover their risk capital.

This is because they have loose alot in the investment.

What is Bankruptcy?

Bankruptcy  can be explained as legal process in which an organization that cannot repay debts to creditors may seek relief debts.

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Asking probing questions throughout an interview to find out what the applicant is like is called a/an:

Answers

The process of asking probing questions throughout an interview to find out what the applicant is part of an hiring process called Interviewing.

What is hiring process?

An hiring process is also called recruitment process because its entails the process of choosing the quailified candidate out of total population/

In conclusion, the process of asking probing questions throughout an interview to find out what the applicant is part of an hiring process called Interviewing.

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The less specific you are while writing your business messages, the greater the possibility that your readers will.

Answers

Not understand the messages or commands being given. They could choose to not ask for further information thus making it a higher chance they they will make a mistake.

Taco Bell fast-food restaurant does not chop the lettuce and tomatoes and grate the cheese used to make its menu items, but hires someone outside the restaurant to perform these tasks. By _____ these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
A. outsondling.
B. unbundling.
C. remarketing.
D. demarketing.
E. insourcing.

Answers

If the company  hires someone outside the restaurant to perform these tasks. By  outsourcing  these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.

What is outsourcing?

Outsourcing can be defined as the way in which a company or an organization decide to employ someone from outside of their organization to work from them.

Example a company can decide to outsource a person to work for them if they have too many uncompleted tasks to complete or when they have limited staff.

Therefore we can conclude that outsourcing has to do with recruiting someone outside a workplace.

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