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Business Law Final Ivy Tech Questions With Complete Solutions
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On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is correct answer: nonnegotiable, because soda is not a medium of exchange authorized or adopted by a government as currency.
Vera gives Will a $500 check as payment for a debt. Will crudely increases the amount of the check to $5,000 and deposits the check in his First Bank account. Vera is liable for the paymen...
Exam (elaborations)
Business Law Final Ivy Tech Questions With Complete Solutions
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On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is correct answer: nonnegotiable, because soda is not a medium of exchange authorized or adopted by a government as currency. Vera gives Will a $500 check as payment for a debt. Will crudely increases the amount of the check to $5,000 and deposits the check in his First Bank account. Vera is liable for the paymen...
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