Lyn writes a check for $900 to Mac, who indorses the check in blank and transfers it to Nan. She presents the check to Omega Bank, the drawee bank, for payment. Omega does not honor the check. Is Lyn liable to Nan? Could Lyn be subject to criminal prosecution? Why or why not? (See page 533.)
Answers
Lyn is liable to Nan as: the drawer of the check, and whether Lyn could be subject to criminal prosecution depends on the reason for the dishonored check and Lyn's intention or knowledge of the account balance when writing the check.
Lyn writes a check for $900 to Mac, who indorses it in blank, which means Mac signs the check without specifying a particular person as the new payee.
This action transforms the check into bearer paper, allowing anyone holding it to claim its value. Mac then transfers the check to Nan. When Nan presents the check to Omega Bank, the drawee bank, it refuses to honor the check.
Lyn is liable to Nan because Lyn is the drawer of the check, and the drawer is responsible for ensuring that there are sufficient funds in the account to cover the amount specified on the check.
If the check is dishonored by the drawee bank, the holder (Nan, in this case) has the right to seek payment from the drawer (Lyn). However, it is crucial to investigate why Omega Bank did not honor the check to fully understand Lyn's liability.
Regarding criminal prosecution, whether Lyn could be subject to it depends on the reason for the dishonored check. If the check was dishonored due to insufficient funds in Lyn's account and Lyn was aware of this fact when writing the check, Lyn could be subject to criminal prosecution for writing a bad check.
However, if the check was dishonored due to a bank error or other reason unrelated to Lyn's intention or knowledge, then Lyn would not likely face criminal prosecution.
To know more about criminal prosecution, refer here:
https://brainly.com/question/29807782#
#SPJ11
Related Questions
Downward pressure on wages
Answers
Answer:
Answer below
Explanation:
When there is "pressure" on wages it is referring to the fact that there are more workers than there are available jobs this causes a pressure for the employers as they decide which workers get those jobs and receive those wages and who doesnt.
(hope this answers your question :) )
A good that ___ will have an inelastic demand.
a. is considered a necessity
b. has many close substitutes
c, is narrowly defined
d. is consumed in the long run
Answers
A good that is considered a necessity will have an inelastic demand. Thus, option (a) is the correct answer. A good that is considered a necessity will have an inelastic demand.
The term inelastic demand implies the degree of change in demand when the price of a good changes. When the demand for a good is inelastic, a change in the price of the good will result in an insignificant change in the quantity demanded by the consumers. Therefore, when a good is considered a necessity, consumers will still purchase it, even if the price increases. For example, essential goods such as water, bread, and milk have an inelastic demand as they are considered a necessity. The availability of substitutes has little effect on the demand for the good.
Learn more about inelastic demand here:
https://brainly.com/question/31253825
#SPJ11
A strategy for company growth that involves increasing sales to current market segments without changing the product is known as ________.A) market developmentB) market differentiationC) market penetrationD) product developmentE) diversification
Answers
The correct answer is C) market penetration.
Explanation:
Market penetration is a strategy for company growth that involves increasing sales to current market segments without changing the product. This can be achieved through tactics such as advertising, promotional campaigns, and improving distribution channels. The goal of market penetration is to increase the market share of an existing product, and to achieve higher sales volumes and profitability by leveraging the company's existing strengths and resources. This strategy is often used when a company has a strong product or service that has yet to reach its full potential within its current market segments.
1. Poverty is more than an economic problem, its a source of social discontent and political________; However, economic _________ has reduced the proportion of people living below the _______ line.
Answers
Poverty is more than an economic problem, it is a source of social discontent and political unrest; economic development has reduced the proportion of people living below the poverty line.
What is poverty?Poverty is shown as a deficiency of money and profitable resources to support long-term survival.
Hunger and starvation, restricted access to education and other basic services, social prejudice and exclusion, and a disinterest in decision-making are all examples of its expressions.
Poverty is a cause of social dissatisfaction and political upheaval; economic development has lowered the amount of people living in poverty.
Therefore, the poverty is a very big problem than the economic problem.
Learn more about the poverty, refer to:
https://brainly.com/question/10645433
#SPJ1
Describe the arrangement many parents and students make if the parent decides to take out a Parent PLUS Loan.
I NEED A ANSWER AS QUICKLY AS POSSIBLE I NEED TO TURN IN THIS TODAY
Answers
Parents of dependent undergraduates may use Direct PLUS Loans, which are federal loans, to aid with the cost of attending college or a career school. PLUS loans can help pay for educational expenses that other types of financial aid do not cover.
Are parents need to obtain a parental PLUS loan?A PLUS loan request from one parent only needs to be turned down. The student is not qualified for higher Stafford Loan limitations, though, if one parent is refused a PLUS loan while the other is authorized for one.
Is obtaining a parental PLUS loan simple?Although parent PLUS loans have fewer stringent credit standards than student loans from private lenders, your application could still be rejected if you have a poor credit history that will last for longer than a year. contracts for the sale of products worth more than $500.
To know more about Plus loans visit:
https://brainly.com/question/30015539
#SPJ1
A carpenter sands 12 of a dresser in 34 hour. At this rate, how long does it take the carpenter to sand 1 dresser?
Answers
Answer:
2.83
or 3 hours 23 minutes
Explanation:
If 12 dressers are sanded in 34 hours , 1 dresser would be sanded in : 34/12 = 2.83
Because the limit on minutes is 60, we would have to convert 2.83
to do this divide 83 by 60 = 1 hr 23 minutes
Add this to 2 hours . this gives 3 hours 23 minutes
Imagine you are an entrepreneur in a market economy. You want to connect with potential customers who would benefit from your unique product. What is an example of a unique product in a market economy? What is the role of voluntary exchange, economic utility, and specialization in the transactions you hope to establish to sell this product? Explain each concept and its role.
Answers
The role of voluntary exchange in the transaction is that its facilitate freely trading of goods or services
The role of economic utility in the transaction is that the consumer's satisfaction from using a product will drive further sales.
How do we explain Market Economy & Voluntary Exchange?Basically, a market economy refers to an economy based on capitalism, that is, an economy whereby the goods and services are freely exchanged on an open market. The value of the outputs is mostly determined solely by market interaction between producers and consumers by a concept known as voluntary exchange. That leads us to the fact that the key principles of a market economy is the principle of voluntary exchange.
In economics, the Voluntary Exchange Principle is based on the consumers and producers acting in their self-interest, that is, the voluntary exchange between a consumer and a producer makes both parties better off than they were before the exchange.
Read more about Market Economy
brainly.com/question/11471834
#SPJ1
Sienna wants to reconcile her bank account to check how much money she has to spend.
What does she need to do to adjust the balance in her bank statement?
While adjusting her bank statement balance, Sienna should first add 1.) ________
and then deduct 2.) _________.
1.)
- deposits in transit
- NSF fees
- bank service charges
2.)
- bank errors
- outstanding checks issued
- interest earned
Answers
1. NSF fees and service charges would be money taking out of her account. She wants to add what is being put into her account so she should add deposits in transit.
The answer is Deposits in transit.
2. Deductions is money being taken out, so she would deduct outstanding checks issued.
Answer: outstanding checks issued.
Nathanial Drummond has three different insurance policies. He has been injured in an accident and has incurred $30,000 in medical bills. There is a clause in all of his insurance contracts the makes sure that he receives no more than $30,000 in payments from his insurance companies. This clause is called:
Answers
The clause that limits the amount of payment from insurance companies to no more than the amount of medical bills incurred is called the coordination of benefits clause.
This clause is common in situations where an individual has multiple insurance policies, such as in Nathanial's case, where he has three different insurance policies. The coordination of benefits clause ensures that the individual does not receive more than the actual cost of medical treatment, which prevents the individual from profiting from the insurance policies. The clause also helps to prevent fraud and abuse of insurance policies. In the case of Nathanial, the three insurance companies will coordinate their payment to ensure that he receives a total of $30,000, which is the actual cost of his medical bills. This means that each insurance company will pay a portion of the total cost, depending on their policy limits and coverage. Overall, the coordination of benefits clause plays an essential role in ensuring fairness and preventing abuse of insurance policies.
Learn more about insurance here
https://brainly.com/question/25855858
#SPJ11
which of the following is not a difference between debt and equity? multiple choice question. unlike dividend omissions to equity holders, unpaid debt obligations can lead to bankruptcy.
Answers
According to the question the correct answer is: unlike dividend omissions to equity holders, unpaid debt obligations can lead to bankruptcy.
This statement is incorrect. Unpaid debt obligations can indeed lead to bankruptcy, just like dividend omissions to equity holders. Both debt and equity represent different forms of financing for a company, and both carry certain rights and obligations for the company and its stakeholders. Failure to meet debt obligations can result in default and potentially lead to bankruptcy proceedings. Similarly, dividend omissions can affect the rights and returns of equity holders but do not directly lead to bankruptcy.
To learn more about equity holders
https://brainly.com/question/30038110
#SPJ11
I need help with this
Answers
Answer:
B. Someone new contributes money to the company, becoming an owner.
Explanation:
Common stocks or shares represent a portion of the company. Ownership of a share means owning a part of the company. Shares are also known as equity.
A company issues common stocks when it wants to raise additional capital. Anyone buying shares is contributing capital to the business. They become owners of the business or shareholders as popularly known. They are issued with share certificates and are entitled to dividends.
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answers
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
a stock's beta, which can be affected by surprise news or announcements, is a measure of its __________ in relation to a benchmark like an index fund. price yield credit rating volatility
Answers
A stock's beta, which can be affected by surprise news or announcements, is a measure of its volatility in relation to a benchmark like an index fund.
Beta measures the sensitivity of a stock's price movements to changes in the overall market. A beta greater than 1 indicates that the stock is more volatile than the market, while a beta less than 1 suggests lower volatility. Therefore, beta reflects the stock's price volatility in comparison to the benchmark, which can be influenced by unexpected news or announcements impacting its price movements.
Learn more about stock's here;
https://brainly.com/question/31940696
#SPJ11
BRUH THIS THING LOGGED ME OUT WHAT IS GOING ON
Answers
Answer:
?????????????
Explanation:
???????????
the minimum number of workstations depends upon the set of task times and the precedence chart, but not the number of units scheduled.
Answers
The minimum number of workstations depends upon the set of task times and the precedence chart, but not the number of units scheduled. A product requires 24 separate tasks, and the sum of those task times is 14 minutes. If the cycle time is 2 minutes, then at least 12 workstations will be needed. This statement is false.
One of the key benefits of a product-oriented layout is which of the following?
Both an assembly line and a fabrication line are examples of layouts that are repetitive and product-focused, but only the fabrication line makes use of workstations. The ability of a product layout to handle a diverse product mix is by far its greatest benefit.
As the main goal of retailers in the supply chain, creating value and enhancing customer experience are the goals of retail shop design. Read the article "How to Survive and Thrive in Retail Management" for additional details on retail strategy and management
To know more about product-oriented layout, refer:
https://brainly.com/question/15968188
#SPJ4
IS 100 POINTS will mark brainliest
Keep track of your income and expenses for one month. List all your assets and liabilities (debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a net worth statement.
Answers
Explanation:
What are the 5 measurement attributes employed by GAAP?
Answers
The five main measurement bases of GAAP taken into account in this study are: historical cost; value to the firm (also called as departure value or current cost); fair value; realizable value; and value in use.
Measurement and disclosure principles are used to put GAAP into practise. The timing and basis of items that enter the accounting cycle and have an influence on the financial statements, such as the period in which transactions will be reported, are recognized and determined by measurement standards.
A set of established accounting standards that businesses use to disclose their financial information is known as generally accepted accounting principles (GAAP). While private corporations frequently utilize alternative non-GAAP measurements or a combination of both, public companies are obligated to report results in accordance with GAAP rules.
To learn more about GAAP, visit:
https://brainly.com/question/20599005
#SPJ4
which of the following below is not one of porter's five forces?
Answers
Answer:
Buyer power
Supplier power
Rivalry among existing competitors
Prices of major inputs
Explanation:
High when buyers have few choices of whom to buy from and low when their choices are many
Optimization of Shareholder wealth is not one of porter's five forces.
What is porter's five forces?Porter's Five Forces Framework is a method for analyzing a company's competitive operating environment. It derives five forces from industrial organization economics that determine the competitive intensity and, thus, the attractiveness of an industry in terms of profitability.
Porter's Five Forces is a model that identifies and analyzes five competitive elements that impact every industry and aids in determining the strengths and weaknesses of that industry. The Five Forces analysis is commonly used to determine business strategy by identifying the structure of an industry.
A framework for today ’s dynamic business environment is Porter's Five Forces.
Porter's Five Forces is a widely used framework for assessing the competitive forces that influence a wide range of business sectors.
To learn more about porter's five forces
https://brainly.com/question/28074535
#SPJ2
Company has a material standardet pound per una of output Fach pound has a standard price of $25 per pound. During Muty Com paid $14.000 for soto pounds, which is used to product 4730 unitsWhat is the price variance?
Answers
The price variance is -$104,250. Since the actual price paid is lower than the standard price per pound, we have an unfavorable or negative price variance.
To calculate the price variance, we need to compare the actual price paid per pound of material with the standard price per pound.
Standard price per pound = $25
Actual price paid = $14,000
Actual pounds purchased = 4,730
First, we calculate the standard cost of the pounds purchased:
Standard cost = Standard price per pound * Actual pounds purchased
Standard cost = $25/pound * 4,730 pounds
Standard cost = $118,250
Next, we calculate the price variance:
Price variance = Actual cost - Standard cost
Price variance = Actual price paid - (Standard price per pound * Actual pounds purchased)
Price variance = $14,000 - ($25/pound * 4,730 pounds)
Price variance = $14,000 - $118,250
Price variance = -$104,250
The price variance is -$104,250. Since the actual price paid is lower than the standard price per pound, we have an unfavorable or negative price variance. This indicates that the company paid less than expected for the materials, resulting in potential cost savings.
To know more about price variance, refer to the link below:
https://brainly.com/question/32176641#
#SPJ11
Not managing your debt wisely can result in ________.
Answers
Answer:
A decrease in your credit score.
Explanation:
brainliest please!!
what is the correct temperature of range of cold ingredients?
Answers
Answer:
40 degrees Fahrenheit and below
Explanation:
Any food remains fresh when it is exposed and kept to a certain degree of temperature. From 41 to 135 degrees range, any food can be maintained fresh and fit for its usage. For cold foods, the temperature ranging below 40 degrees Fahrenheit is said to be appropriate. This temperature helps to restrict and control the growth of microbes that spoil the food.
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Match the questions below with the appropriate person, company or organization that would most likely ask them. There can be more than one user per question.
Should I buy into this business?
Should I sell this business?
Is this business well run?
Is this company growing satisfactorily?
Can the business afford to pay more to its employees?
Is the business paying the proper amount of income tax?
Select answers from the following (a selection can be used more than once)
An absentee owner
A potential investor
A banker
A labour union
The government
An owner
Answers
Explanation:
i don't know the answer but also I do my best!!!
Complete the following sentence.
A traditional cover letter's format includes an introduction, a ______ and a ______ paragraph.
Answers
Answer:
body, closing
That was easy
Explanation:
1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.
Answers
ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.
To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.
Learn more about coefficient estimates here:
https://brainly.com/question/28179755
#SPJ11
Handshakes should be:
O firm
o loose
O repeated
o accompanied by eye contact
Answers
Answer:
firm
Explanation:
What two words are repeated throughout the fbla-pbl creed?.
Answers
The two words are repeated throughout the fbla-pbl creed is: I believe.
What is fbla-pbl creed?Fbla-pbl creed which full meaning is Future Business Leaders Of America-Phi Beta Lambda is an organization which want everybody to have a good education as well as a great career path.
Fbla-pbl creed goals is to impact life and make the world a better place for people.
The word "I believe" was repeated throughout the fbla-pbl creed because the organization believe that everyone has the right to be educated.
Inconclusion the two words are repeated throughout the fbla-pbl creed is: I believe.
Learn more about Fbla-pbl creed here:https://brainly.com/question/18947932
Which statement best summarizes the relationship between investments and
productivity?
A. Companies with high levels of productivity never need to worry
about investment.
B. Companies use investments to reduce their need for high levels of
productivity.
C. Companies with poor productivity use investments to become
more efficient
D. Companies use investments to reduce the opportunity cost of loy
productivity
SUBMIT
PREVIOUS
Answers
Answer:
The answer is D
Explanation:
companies invest to make money without using high levels of productivity
true or false: the carrying value of bonds at any date after issuance should always be equal to the fair value of the bonds.
Answers
The carrying value of bonds at any date after issuance should always be equal to the fair value of the bonds - True.
The net amount, also known as carrying amount or book value, at which bonds are reported on the balance sheet is equal to the par value of the bonds less any unamortized discount or premium. Bonds' carrying values at maturity are always equal to their par values.
A bond's carrying value is more than its face value when it is issued at a premium. A bond's carrying value is lower than its face value when it is issued at a discount.
At maturity, the bond's face value will be equal to the book value, or carrying value. Regardless of whether issuance was at a premium, discount, or par, both of these claims are accurate.
For such more question on bonds:
brainly.com/question/29600602
#SPJ4
It should always be the case that the carrying value of bonds at any time after issuance equals their fair value.The statement is True
The amount at which bonds are reported on the balance sheet is the net amount, which is also referred to as the carrying amount or book value. It is equal to the bond's par value less any unamortized discount or premium. At maturity, bonds' carrying values are always equal to their par values.Bonds that are issued at a premium have a carrying value that is higher than their face value. Bonds that are issued at a discount have a carrying value that is less than their face value.The face value of the bond will match its carrying value when it matures. No matter whether issuance.To know more about bonds here
brainly.com/question/29600602
#SPJ4
Grace feels she has been sexually harassed by Linda’s unkind comments. What should Grace do immediately? a. Contact the EEOC for help b. Tell a supervisor what Linda said c. Document what Linda said d. Tell Linda to stop Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Tell Lynda to stop
Explanation:
Although there are several policies guiding sexual harassment whether in a work place or society at large, it is however important that Grace ask Lynda to stop immediately.
Verbal sexual abuse can be stopped before it degenerate to Wilder form. However, if the person is abusing the other verbally fails to stop, then the person being offended may report to the relevant authorities for necessary action.
Everyone has the right to a safe environment without being sexually abused. However, if that happens, that firm action of saying stop should be the first thing otherwise you report to the relevant authorities if it persist.