Weldon Walker is an artist and an apparel manufacturer. He creates original logos and trademarks for his clients. His clients then order apparel from him containing the original logos and trademarks. One of Weldon's clients is Paul Dunbar. Paul owns a health care company with 3500 employees. On January 5, Paul orders $40,000 worth of apparel products from Weldon, to be delivered by March 1. As payment, Paul gives to Weldon a promissory note that states, "I, Paul Dunbar, promise to pay to Weldon Walker, the amount of $40,000 dollars on June 1." The Note is signed and dated. On February 1, Weldon sells the promissory note to James Johnson for $30,000 because Weldon is in need of cash flow to complete Paul's order. Weldon endorses the note, "Pay to James Johnson, without recourse", and signs it "Weldon Walker". On May 1, James Johnson gives the note to his daughter Toni Morrison as a wedding gift. James Johnson endorses the note, by signing his signature "James Johnson". On June 1, Toni Morrison presents the note to Paul Dunbar for payment. Paul refuses to pay the note. Paul advises Toni that he is not going to pay the note because Weldon Walker breached the contract because Weldon never delivered any of the apparel that Paul ordered. ANSWER THE FOLLOWING QUESTIONS about the above Scenario: (DO NOT RESTATE the question. Just place the question number at the start of your answer to each question.) 1. What is the legal significance of the indorsement by which the February 1 promissory note was negotiated from Weldon to James. (5 pts). 2. As to the issue of whether Paul must pay Toni, explain the rule(s) (and any exceptions) that you must apply to determine whether the U.C.C. requires that Paul pay Toni. (25). 3. Apply the rule that you just explained to the facts of this scenario and answer the question of whether the U.C.C. requires that Paul pay Toni the amount stated in the note. (5 pts).
Answers
This defense does not apply to Toni because she took the note in good faith and for value, without notice of any defenses against it. Therefore, under the U.C.C., Paul is required to pay Toni the amount stated in the note on June 1.
1. The endorsement by which the February 1 promissory note was negotiated from Weldon to James means that Weldon is transferring the ownership of the note to James. By adding "without recourse" to the endorsement, Weldon is stating that he will not be held liable if Paul does not pay the note.
2. The rule that must be applied to determine whether the U.C.C. requires that Paul pay Toni is the principle of negotiability. Under the U.C.C., a negotiable instrument, such as a promissory note, is transferable to a third party who takes it in good faith and for value, without notice of any defenses against the note.
There are exceptions to this rule, such as if the original contract between the parties is void or if the transferor of the note had no right to transfer it. Additionally, if the third party took the note with notice of any defenses against it, then the principle of negotiability does not apply.
3. In this scenario, Paul is refusing to pay the note because Weldon breached the contract by not delivering the apparel that Paul ordered. However, this defense does not apply to Toni because she took the note in good faith and for value, without notice of any defenses against it. Therefore, under the U.C.C., Paul is required to pay Toni the amount stated in the note on June 1.
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Related Questions
What is institutional advertising focused on promoting?
____________________
A. A company
B. The Internet
C. A service
D. A good
Answers
Answer:
BONJOUR,
A OPTION IS THE ANSWER
MERCI
Question 6 (2 points)
There should be a specific plan in place for reaching a(n)
company goal.
a
strategy
established
Ob
ос
Od
specific
new
Answers
Answer:
титльишмш дядя оо влево потива
Which of the following describes what is identified by a supply schedule?
a How much suppliers will profit at various prices
b How much consumers will save at various supply levels
c How much suppliers will raise prices as production varies
d How much of a product suppliers will produce at various prices
Answers
What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).
What is a supply schedule?A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.
There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.
The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.
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Can ah budget include donations to charities
Answers
Answer:
A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.
A bond is selling for 95% of par and has an annual coupon rate of 6% and will mature in five years. There are semi-annual coupon payments. Calculate the yield-to-maturity on an annualized basis (APR)
Answers
Based on the selling price, the coupon rate, and the period, the yield to maturity will be 7.2%.
What is the yield to maturity?This can be found using a financial calculator or Excel worksheet.
Face value = 95% x 1,000
= $950
Coupon amount = 1,000 x 6% / 2 semi annual periods per year
= $30
Period = 5 years x 2
= 10 semi annual periods
Yield to maturity is = 3.6%
Annual yield to maturity:
= 3.6% x 2
= 7.2%
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What does a boilermaker do?
applies marble and tile to floors, walls, and other surfaces
installs iron or steel beams, columns, and girders
assembles, installs, and repairs large containers that hold gases and liquids
repairs roofs of structures, using asphalt, metal, shingles, and other materials
Answers
Answer:
C) Assembles, installs, and repairs large containers that hold gases and liquids.
Callie plans to borrow $3,500.00 with a simple interest rate loan. determine the amount of interest callie will save if she is able to raise her credit score from 665 to 680. (2 points)
Answers
If Callie can boost her credit score from 700 to 800, she will save $157.32 according to simple interest calculations.
Simple Interest
Following t years, the amount of interest in simple interest is predicted by:
I = Prt
P is the starting sum.
The interest rate in decimal form is r.
The time is now, in years.
In this issue:
With a credit score of 700, the rate of 'r' is = 0.08132, hence:
I = 4100(0.08132) = 333.41
With a credit score of 800, the rate is of r= 0.04295, hence:
I = 4100(0.04295) = 176.09
Then. the amount saved is:
333.41 - 176.09 = 157.32
Callie will save $157.32 if she is able to raise your credit score from 700 to
800.
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3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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in October 2001 president George w bush gave directions to establish the office of homeland security and the homeland security council. what is this an example of? A. treaty B. executive order C. agency regulation D.Statute
Answers
Answer:
agency regulations i think
Islanders are getting tired of fish and are looking for alternatives to provide protein to their diet. Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island.
Create a simple supply and demand curve that would show the shift in demand
Answers
As there was a decrease in demand for fish among the islanders, Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island. Hence the demand curve of fish declined and the supply curve of pigs will rise.
How do supply and demand curves work?The demand curve illustrates how much of a certain good or service customers will be able and willing to purchase at each price over a specific period of time. The supply curve shows how much inventory retailers plan to put up for sale at various prices at the same time. Supply and demand serve as a microeconomic model for determining pricing in a market.
Supply and demand serve as a microeconomic model for determining pricing in a market. The demand curve for products and services can change depending on a number of factors, including changes in population, income, the cost of complementary or substitutive goods, and expectations for future conditions and prices. As a result, a different amount may be demanded at a particular price.
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__________ helps employees select development activities that prepare them to meet their career goals.
Answers
Career management helps employees select development activities that prepare them to meet their career goals.
What is a career management and why is it important?
The process of preparing a plan for an employee's advancement toward a professional objective and implementing that plan using a range of techniques is known as career management. Career management involves the individual, their manager, HR, and/or a dedicated L&D team or leader, as well as the organization.
How can I improve my career management skills?
To broaden your expertise, attend lectures and training programs. There are continually being presented new methods and tools that are pertinent to almost every profession. Follow developments in your field and profession. To expand your knowledge and promote teamwork among your coworkers, host book clubs at your place of employment.
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Describe in detail how you could use each of the four elements
of the promotions mix to attract new customers.
Answers
The advertising element of the promotions mix can be used to reach a wide audience and create awareness of products or services among potential customers. Sales promotion tactics such as discounts and limited-time offers can entice new customers to make a purchase. Personal selling allows for direct interactions and personalized product demonstrations to convert leads into sales.
The four elements of the promotional mix can be used to attract new customers as follows:
1. Advertising: Utilize various paid media channels such as TV, radio, print, online, and social media to create impactful messages and reach a wide audience, raising awareness and generating interest in products or services.
2. Sales Promotion: Offer discounts, coupons, limited-time offers, contests, giveaways, and loyalty programs to incentivize new customers to make a purchase, creating a sense of urgency and encouraging trial.
3. Personal Selling: Engage directly with potential customers through one-on-one interactions, providing personalized product demonstrations, addressing their specific needs, and building relationships to convert leads into sales.
4. Public Relations: Manage the company's reputation and image through media relations, community involvement, sponsorships, and events, showcasing positive contributions and values to attract new customers who align with the brand's image.
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Discuss any five advantages of the mixed economic system
Answers
list your personal interest
Answers
Answer:
my interest is to reach conqueror in pubg mobile
Identify the type of activity that includes lending money and collecting on the loans.
A :investing activities
B :financing activities
C :noncash investing and financing activities
D :operating activities
Answers
The correct answer is B: financing activities. Financing activities are a category of cash flows in the statement of cash flows that includes activities related to obtaining or repaying funds to finance the operations of the business.
These activities involve the company's creditors and investors and include borrowing money, issuing stock, and paying dividends.
Lending money and collecting on loans are part of the borrowing and repayment activities of a company. When a company lends money, it is a form of investing activity, but when it borrows money, it is considered a financing activity. Similarly, when a company collects on a loan it made, it is a cash inflow from investing activities, but when it collects on a loan it borrowed, it is a cash inflow from financing activities.
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this data has been taken from the economic report of the president on interest rate and monetary growth to estimate a model where moody?s aaa corporate bond rate is explained by the percentage change in m2. a. provide the regression results and discuss if they make sense based on macroeconomic theory b. is there evidence of serial correlation in this model? explain. c. calculate an estimate of ? for this model. d. estimate a gls model to address the issue of serial correlation and report your results. year m2growthrate aaacorprate 1966 6.7 5.13 1967 7.1 5.51 1968 8 6.18 1969 7.1 7.03 1970 6.8 8.04 1971 9.5 7.39 1972 10 7.21 1973 10.7 7.44 1974
Answers
a. The regression results indicate the relationship between the Moody's AAA corporate bond rate and the percentage change in M2. These results can be evaluated based on macroeconomic theory to assess their coherence and validity.
b. To determine if there is evidence of serial correlation in the model, it is important to analyze the residuals and assess their autocorrelation.
c. An estimate of the slope coefficient (β) can be calculated to quantify the impact of the percentage change in M2 on the Moody's AAA corporate bond rate.
d. To address the issue of serial correlation, a Generalized Least Squares (GLS) model can be estimated, and the results can be reported and compared to the initial regression model.
a. The regression results provide information on the relationship between the Moody's AAA corporate bond rate and the percentage change in M2. By examining the coefficients, their statistical significance, and the expected signs, we can evaluate the results based on macroeconomic theory. For instance, if the coefficient of the percentage change in M2 is positive and statistically significant, it suggests that an increase in the money supply (M2) leads to higher corporate bond rates, which aligns with the expectation that monetary expansion may result in inflationary pressures and higher interest rates.
b. To assess the presence of serial correlation, we need to examine the residuals of the regression model. Serial correlation refers to the correlation between the error terms in a time series model. If there is evidence of serial correlation, it indicates that the current error term depends on the previous error terms, violating the assumption of independence. To identify serial correlation, statistical tests such as the Durbin-Watson test or visual inspection of autocorrelation plots can be used.
c. To estimate the slope coefficient (β) for the percentage change in M2, we can use the regression results. The slope coefficient represents the change in the Moody's AAA corporate bond rate associated with a one-unit change in the percentage change in M2. By calculating this estimate, we can quantify the impact of monetary growth on the corporate bond rate and evaluate its significance.
d. To address the issue of serial correlation, a GLS model can be employed. GLS is a technique that takes into account the correlation structure of the error terms in the model and provides more efficient and reliable estimates. By estimating the GLS model and comparing the results to the initial regression, we can determine if the issue of serial correlation has been adequately addressed and if the coefficient estimates have changed.
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Which is a requirement for an acceptance?
mirror image of offer
intent to contract
communicated
all of the above
Answers
All of the above
The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.
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What is one example of a planned economy?
Answers
why should the profession selected on the basis of availability of natural and human resources give reason
Answers
Answer:
guu tera baje ko tuppi bhayeraaa
Moyers Company purchased trading securities for a total cost of $65,000. At the end of the period, it was determined that these securities had an unrealized gain of $3,000. Based on this information, what is the fair value of these securities?
A)$21,000
B)$68,000
C)$19,500
D) $62,000
Answers
The correct answer is B) $68,000. The fair value of the trading securities can be determined by adding the unrealized gain to the total cost of the securities. In this case, the total cost of the securities is $65,000, and the unrealized gain is $3,000.
Therefore, the fair value of the securities can be calculated as:
Fair value = Total cost + Unrealized gain
Fair value = $65,000 + $3,000
Fair value = $68,000
So, the correct answer is B) $68,000.
The fair value represents the current market value of the securities at the end of the period. It takes into account any changes in the market price of the securities since their initial purchase. In this case, the $3,000 unrealized gain indicates that the value of the securities has increased by that amount.
It's important to note that the fair value is an accounting valuation and may not necessarily reflect the actual price at which the securities could be sold in the market. The fair value is used to assess the financial position of a company and to determine the appropriate treatment of the securities in the financial statements.
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3. I am expecting a final CF payment on 7/1/2019. What would this cash flow need to be in order to achieve a 20% (rounded to nearest 0.01%) IRR
Answers
This cash flow would need to be $250.69 in order to achieve a 20% (rounded to nearest 0.01%) IRR.
In order to determine the necessary final CF payment to achieve a 20% IRR, you would need to calculate the present value of all previous cash flows up until the final payment, using a discount rate of 20%. Then, set this present value equal to the sum of all cash flows (including the final payment) and solve for the final payment amount. This final payment amount would need to be the exact amount that would result in a 20% IRR.
For example, let's say that you have received cash flows of $100, $200, and $300 on 7/1/2017, 7/1/2018, and 7/1/2019 respectively. To calculate the necessary final CF payment for a 20% IRR, you would first calculate the present value of the previous cash flows as follows:
PV = ($100 / (1 + 0.20)^1) + ($200 / (1 + 0.20)^2) + ($300 / (1 + 0.20)^3)
PV = $75.25 + $124.38 + $159.21
PV = $358.84
Next, set this present value equal to the sum of all cash flows, including the final payment, and solve for the final payment:
$358.84 = $100 + $200 + $300 + (Final Payment / (1 + 0.20)^4)
$358.84 = $600 + (Final Payment / 1.485)
Final Payment = $250.69
Therefore, the final CF payment needed to achieve a 20% IRR would need to be $250.69 (rounded to the nearest cent).
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The _________ defines the way an organization should utilize its information resources to accomplish its mission for both the technical and the managerial aspects of information resources.
Answers
The IT architecture defines the way an organization should utilize its information resources to accomplish its mission for both the technical and the managerial aspects of information resources.
What do IT architects do?Information technology architects assist in managing a company's technological operations, notably its business strategies and security architecture.These experts guarantee adherence to the established laws and rules.Additionally, they design and put into practice new and improved security architecture and technologies.IT architecture is a set of guiding principles, norms, or regulations that an organization uses to steer the process of acquiring, constructing, altering, and integrating IT resources across the firm.An effective, adaptable, and high-quality technological solution to a business problem is implemented using IT architecture.To learn more about IT architecture. refer,
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negative and positive impact of monopolies in south Africa
Answers
The positive impacts of monopoly in South Africa are related to the advantages of companies, which charge higher prices and generate economies of scale.
The disadvantages are related to the consumer, who pays higher prices since in a monopolistic market there are no more alternatives to obtain a good or service.
What is monopoly?It is a market situation where there are no competitors, with a company being the only one to sell a product or service, being the holder of the price and market power.
Therefore, a monopoly situation can be harmful to a country, leading to barriers to entry by competitors, reduced purchasing power of individuals and price exploration.
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You can spend at most $3. 50 at a market. Apples cost $0. 40 each, and pears cost $0. 65 each. Let x be numbers of apples and y be numbers of pears. Write an inequality that represents the numbers of apples and pears you can buy.
Answers
The inequality that represents the numbers of apples and pears you can buy is 0.40x + 0.65y ≤ 3.50.
How do you determine inequality that represents the numbers of apples and pears?The cost of the apples is $0.40 per apple, so the cost of x apples is 0.40x.
The cost of the pears is $0.65 per pear, so the cost of y pears is 0.65y.
The total cost of the apples and pears is the sum of the cost of the apples and the cost of the pears, which is 0.40x + 0.65y.
Since you can spend at most $3.50 at the market, the total cost of the apples and pears must be less than or equal to $3.50.
Therefore, the inequality that represents the numbers of apples and pears you can buy is:
0.40x + 0.65y ≤ 3.50
This inequality states that the total cost of the apples and pears must be less than or equal to $3.50. Any combination of x and y that satisfies this inequality represents the number of apples and pears you can buy.
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What are the remedial measures of unemployment in nepal?explain
Answers
what do the phrases "put something on the back burner," "stir the pot," and "give birth to a plan" reflect about organizations?
Answers
All of the languages and the phrases based on the way they are used refers to feminine language.
How does these words have to do with feminine?
The words are mostly about the activities that are known to be more associated with women.
Cooking is a chore for women. Also they are the ones that birth babies. Hence the correct answer is feminine language.
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What economic system does the amish use
Answers
Answer:
Agrarian is the economic system that the Amish use.
Answer:
The Amish live in an agrarian economy. It thrives in the midst of modern society, not because of inherent advantages, but rather because it borrows much more from that society than meets the eye.
Explanation:
How does a bank enforce the requirement of safeguarding your money?
Answers
The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.
How does bank help to safeguarding your money?Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.
Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).
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From The Secret to Being Creative: The author quotes financial blogger Josh Brown as saying blogging is fundamentally what?
1: about creative and original thought
2: about unique content
3: about intellectual property
4: a derivative form
Answers
According to The Secret to Being Creative, the author quotes financial blogger Josh Brown as saying that blogging is fundamentally about creative and original thought. This means that bloggers should strive to create unique and innovative content that reflects their individual perspective and ideas.
Josh Brown's quote suggests that blogging is not simply a derivative form of writing or a means to generate intellectual property, but rather a platform for individuals to express their creativity and share their insights with the world. By emphasizing the importance of original thought in blogging, Brown underscores the value of authenticity and individuality in online communication. Aspiring bloggers should take this advice to heart and focus on developing their own voice and perspective, rather than simply regurgitating information or repeating what others have already said. Ultimately, the most successful bloggers are those who are able to connect with their audience through their unique and creative content, and who are able to inspire and engage others with their ideas and insights.
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which business organizations were designed to avoid regulations and act as monopolies?
Answers
Answer:
- trusts - cartels
Explanation:
John D. Rockefeller started in the oil industry and as a business partner in a refinery.