Reference no: EM135754
In January, Roger Burke loaned his favourite nephew, Jimmy White, his appreciated Picasso painting. Knowing that Jimmy would celebrate his twenty-first birthday on May 15, Burke sent a letter to Jimmy on April 14 stating-
Dear Jimmy,
Tomorrow I leave on my annual trip to Europe as well as I want to make you a fitting birthday gift which I do by sending you my fenced promissory note. As well I want you to keep the Picasso that I loaned you last January as well as you may not consider it yours.
Happy Birthday!
Affectionately,
/s/Uncle Roger
The negotiable promissory note for $5,000 sent with the letter was employed by Roger Burke, owed to Jimmy White or bearer, and dated May 15. On May 21, Burke was murdered in an automobile accident while motoring in France.
First Bank was employed administrator of Burke's estate. Jimmy offered the note to the administrator and demanded payment, which was refused. Jimmy carried an action against First Bank as administrator seeking recovery on the note. The administrator in turn transported an action against Jimmy seeking the return of the Picasso.
a. What conclusion in the action on the note?
b. What conclusion in the action to recover the painting?
|
Compute the wacc
: Common stock- 150,000 shares outstanding, selling for $60 per share, the beta is 1.11. Market: 9.5 percent market risk premium and 7.5 percent risk-free rate. Compute the WACC.
|
|
Distinguish between targeted marketing and mass marketing
: Distinguish between targeted marketing and mass marketing and explain what led to the rise of each. Describe the different market-segmenting strategies companies pursue and why
|
|
Examine the organizational stressors to determine effect
: On the basis of your research, examine the organizational stressors (for example task demands, role demands, physical demands as well as interpersonal demands) to determine their likely effect on organizational performance as well as how those str..
|
|
Examine the role of the project manager
: Examine the role of the project manager that this project would require. Analyze three characteristics of an effective project manager that are relevant to this particular expansion project. Offer a rationale for the response.
|
|
What conclusion in the action to recover the painting
: The administrator in turn transported an action against Jimmy seeking the return of the Picasso. What conclusion in the action to recover the painting
|
|
The most suitable beginning for a typical routine inquiry
: The most suitable beginning for a typical routine inquiry message is- Select the appropriate answer A) an explanation of the situation. B) a buffer designed to set up the persuasive effort.
|
|
Strategic role of employees
: Strategic Role of Employees' Please reply to the following- Select a company that you believe uses its employees to achieve a competitive advantage. Describe how the employees effectively execute the strategy as well as how the company can sustain..
|
|
Recognise the evaluations of monetary losses in revenue
: Recognise the evaluations as well as key decisions that need to be made in each of the next six weeks. Because of a down-turn in the economy, your company has been experiencing monetary losses in revenue.
|
|
Codes of conduct have on the decision-making behaviour
: What influence do you believe these codes of conduct have on the decision-making behaviour of their members or employees. Are there ramifications for violations. How wide are the ramifications
|