Author Question: Hayden owes Luther 5000. Hayden will only be able to pay this debt if he is able to sell his ... (Read 198 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Hayden owes Luther 5000. Hayden will only be able to pay this debt if he is able to sell his one-year-old Harley motorcycle, valued at 20,000. Hayden writes a check to Luther that reads, Payable to the order of Luther the sum of 5000 as soon as my Harley motorcycle sells for a reasonable amount. This check is
 A)negotiable, assuming Luther accepts delivery of the check.
 B)negotiable if Hayden also includes a date that he expects the motorcycle to sell.
 C)non-negotiable because it does not state a definite amount of money.
 D)non-negotiable because the check is conditional.

Question 2

Under Incoterms, a sale on terms DDP represents the minimum responsibility of the seller and the maximum responsibility of the buyer.
  Indicate whether the statement is true or false



ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

D

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

For a complete list of videos, visit our video library