Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Provide information from the course material to back up your point of view in 4-6 sentences.
South Carolina Insurance Co. issued a draft to Kelvin Owens drawn on the account of Seibels, Bruce Group at South Carolina National Bank. Owens regotiated the draft to First National Bank of Denham Springs, which paid him the entire amount and delivered it to South Carolina National Bank. The insurance company alleged fraud in Owens's claim and issued a stop-payment order. South Carolina National Bank did not honor the draft. The draft stated it was payable as follows: "Upon acceptance, pay to the order of Kelvin Ownes." South Carolina Insurance Co. was a wholly owned subsidiary of Seibels, Bruce Group. Therefore, South Carolina was both drawer and drawee. First National sued South Carolina for payment. South Carolina said the words "upon acceptance" made the draft conditional and therefore the draft was not negotiable; First National was not a holder in due course; and the defense of fraud could be raised. Was the draft conditional? [First National Bank of Denham Springs v. South Carolina Insurance Co., 432 So.2d 417 (La. Ct. App.)]
mr. mostafa recieved an inheritance of 7000. he put part of it in a tax shelter paying 9 interest and part in a bank
Yellow's taxable income in 2010 was $70,000, and in 2011 Yellow's taxable income was $20,000 after deducting the refund. The applicable tax rate schedule is 15% on the first $50,000 of income and 25% on income in excess of $50,000. What is the eff..
analysis reveals that a company had a net decrease in cash of 4500 for the current year. net cash provided by operating
What would be similar between each organization?
francis exchanges her 20 interest in beryl corporation for 10000 shares of pyrite corporation value 200000 and 40000
If it has been done properly, then why must you spend so much time and make so many changes to the amounts reported by the individual companies when you prepare the consolidated financial statements each month? You should be able to just add the r..
Although a firm is in bankruptcy, the existing management is always allowed to retain control, though the court will monitor its actions closely.
If the person responsible for deducting the tax at source and paying the same to the credit of Central Government has not been allotted the Tax Deduction Account Number (TAN), he shall within ________ from the end of the month in which the tax was..
A safety expert is interested in estimating the proportion of automobile tires with unsafe treads. Should he use individual cars or collections of cars, such as those in parking lots, in his sample?
nonexchange expenditures are the mirror image of nonexchange revenues. a state government provided several grants to
Jorge Company bottles and distributes B-Lite, a diet soft drinks. Compute the contribution margin ratio and the margin of safety ratio
markus inc. produces a specialized machine part used in forklifts. for last years operations the following data were
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd