Classify each of these indorsement

Assignment Help Finance Basics
Reference no: EM131772792

A check drawn by Cullen for $500 is made payable to the order of Jordan and issued to Jordan.Jordan owes his landlord $500 in rent and transfers the check to his landlord with the following indorsement: " For rent paid, [signed] Jordan." Jordan's landlord has contracted to have Deborah do some landscaping on the property. When Deborah insists on immediate payment, the landlord transfers the check to Deborah without indorsement. Later, to pay for some palm trees purchased from Better-Garden Nursary, Deborah transfers the check with the following indorsement: " Pay to Better-Garden Nursery, wothout recourse, [signed] Deborah." Betterr-Garden Nursery sends the check to its bank indorsed " For deposit only, [signed] Better-Garden Nursery."

a) Classify each of these indorsement.

b) Was the transfer from Jordan's landlord to Deborah, without indorsement, an assgnment or a negotiation? Explain please.

Reference no: EM131772792

Questions Cloud

Experience with some of online social environments : What's your opinion regarding online or e-mail negotiations? Provide any benefits, disadvantages, or efficiencies that might exist in non-face-to-face.
Define the core functions of epidemiology : Select one of the epidemiologic core functions and provide an example of the how the core function might be demonstrated in clinical practice.
Find a current event on the internet dealing with market pay : Define market pay. Find a current event on the internet dealing with market pay. Describe the current event and its association with the concept of market pay
Determining the evidence in the sample means : Suppose the test had been constructed as a one-sided test instead, and the evidence in the sample means was in the direction to support the alternative.
Classify each of these indorsement : a) Classify each of these indorsement. b) Was the transfer from Jordan's landlord to Deborah, without indorsement, an assgnment or a negotiation?
What is the expected rate of return for barrys portfolio : FIN 325 - what is the expected rate of return for Barry's portfolio and What is your estimate of the expected rate of return from this investment opportunity
Design the study in order to rule out the explanation : Suppose you wanted to see whether a training program helped raise students' scores on a standardized test. You administer the test to a random sample.
What is sondras gift tax liability : In 2010, Sondra makes taxable gifts aggregating $300,000. Her only other taxable gifts amount to $200,000, What is Sondra's 2010 gift tax liability
First begin the composition process : As you first begin the composition process, which of the following questions should you ask yourself? Check all that apply.

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine the abnormal rate of return

Determine the abnormal rate of return for Stock A during period t using only the aggregate market return and ignore differential systematic risk.

  Summer tyme inc is considering a new threeyear expansion

summer tyme inc. is considering a new three?year expansion project that requires an initial fixed asset investment of

  Construct a cash budget for february

Using the information provided, construct a cash budget for February and March.

  Produce the income statement for the year

From the income statement accounts on the next page: a. Produce the income statement for the year b. Produce the operating cash flow for the year Income Statement Accounts  For the Year Ending 2011 Cost of Goods Sold ... $345,000 Interest Expense .....

  Financial data for noble corporation and barnes enterprises

Assume the following financial data for Noble Corporation and Barnes Enterprises:

  What is nanometrics required return

Nanometrics, Inc., has a beta of 1.81. If the market return is expected to be 12.00 percent and the risk-free rate is 2.00 percent, what is Nanometrics' required return?

  Consequences of changing control of financial-services firm

Of what benefit is agency theory in helping us understand the consequences of changing control of a financial-services firm?

  How fast were we approaching each other at that instant

My aunt and I were approaching the same intersection, she from the south and I from the west. She was traveling at a steady speed of 9 miles/hour, while I was approaching the intersection at 50 miles/hour. At a certain instant in time, I was one-tent..

  Part of the oncology therapeutic area

Before thinking about appropriate portfolio decisions, the value of each project in the portfolio needs to be determined. How would you determine the value of the following project ('Project 1') in XYZ's portfolio, a project in the pre-clinical phase..

  Give a brief description of the company

The primary financial goal of a for-profit corporation is to make a profit to maximize shareholder wealth. Choosing any publicly traded company, please give a brief description of the company, and discuss the following:

  The family wishes to consider issuing debt

Stint on Vintage Wine Company is currently family owned and has no debt. The Stint on family is considering going public by selling some of their stock in the company. Investment bankers tell them the total market value of the company is $10 milli..

  Decide upon an initiative you want to implement that would

decide upon an initiative you want to implement that would increase sales over the next five years for example market

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd