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Author Question: A & D, Inc wrote a negotiable note payable to Vicy, Inc for the purchase of some satellite ... (Read 138 times)

leilurhhh

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on: Jun 24, 2018
A & D, Inc wrote a negotiable note payable to Vicy, Inc for the purchase of some satellite receivers. A & D left the amount of the note blank because it was uncertain as to amount of the applicable tax. Vicy completed the note for 3,000 more than A & D actually owed for the receivers it purchased. The note was negotiated to a holder in due course. A & D will not have to honor the note as this constituted fraud in the execution.
  Indicate whether the statement is true or false

Question 2

The documentary letter of credit transaction serves as a means to assure the buyer and seller that the transaction is secured.
  Indicate whether the statement is true or false


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GCabra

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

TRUE


leilurhhh

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
Wow, this really help

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