Checks are usually three-party instruments. On what type of check, however, does a bank serve as both
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (21 reviews)
When a bank draws a check on itself the check is called a cashi...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
Question Posted:
Students also viewed these Business Law questions
-
On what type of property is depreciation allowed?
-
On what type of Internet activity do you spend the most time? The responses from a random sample of 700 Internet users were banking online, 40; buying a product, 60; getting news, 150; sending or...
-
When Bank A clears a check written on Bank B: a. What happens to Bank B's reserves and excess reserves? b. What happens to Bank A's reserves and excess reserves? c. What happens to the banking...
-
What are the advantages and disadvantages of the net realizable method of allocating joint costs?
-
On December 31, 2012, Baxter Company reported $8,000 in prepaid insurance on its balance sheet. The insurer requires Baxter to pay the annual premium of $24,000 in advance. Required 1. How much will...
-
Obtain at least 5 years of daily data for at least three stocks and, if you can, one currency. Estimate annual volatility for each year for each asset in your data. What do you observe about the...
-
distinguish between primary and secondary emotions;
-
For each of the following items relating to the debt of Marfa City, indicate whether and how the debt would be reported on a balance sheet of one of the city's governmental funds. If it would not be...
-
Akeem spent weeks tutoring (she and I, her and me) in calculus so that we would pass our midterm exam
-
Assume that on January 1, 2014, a Sunrise Bakery restaurant purchased a building, paying $53,000 cash and signing a $103,000 note payable. The restaurant paid another $66,000 to remodel the building....
-
Assume that Riersons indorsement on the check was a forgery. Would a court be likely to hold the bank liable for the amount of the check because it failed to verify the signature on the check? Why or...
-
Gary goes grocery shopping and carelessly leaves his checkbook in his shopping cart. His checkbook, with two blank checks remaining, is stolen by Dolores. On May 5, Dolores forges Garys name on a...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). The conjunction p q is true only when both p and q are __________.
-
1.is it right that the American call option should never be exercise early? 2.is it right that the American call option should never be exercise early if no divident paid? 3.is the binominal tree...
-
Define the relational model? What does the relational model consist of? What are the 4 relational models?Discuss
-
a) An AC mains line has frequency 50 Hz, and an amplitude of220V, to which a DC voltage of -20 volts is added, so that the voltage swings between -240 to +200 V. find: average value i) ii)...
-
Two charges are located on the x axis: q = +6.4C at x = +4.8 cm, and q2 = +6.4C at x = -4.8 cm. Two other charges are located on they axis: 93 = +2.7 C at y3 = +4.8 cm, and 94 = -5.8 C at y4 = +6.5...
-
You are doing a group assignment. Your teammate Sonia does not attend your first team meeting. What should you do? Email Sonia and say, "Hi Sonia, you missed the meeting. Don't let it happen again."...
-
A food inspection office is analyzing milk samples from 75 vendors for adulteration. The milk supplied by six of the vendors have high levels of adulteration. Five vendors are randomly selected from...
-
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
-
Provide a class selector rule for a style sheet that uses an hsba construct to display a 50% transparent light green background color. Use the name header for the selector.
-
What are the penalties for copyright infringement?
-
What is a patent? Give an example.
-
What is the difference between specifications and claims in a patent application?
-
Natalie was recruited as the Chief Marketing Officer (CMO) of Beta Corporation, a privately-held company in the consumer goods sector, effective July 1, 2022. Throughout the fiscal year 2023, Beta...
-
A manufacturing company incurred direct materials costs of $50,000, direct labor costs of $45,000, and factory overhead costs of $35,000 during the period. Calculate the total manufacturing costs and...
-
Compute Return on Assets (ROA): Requirements: Using data from a balance sheet and income statement, calculate the return on assets (ROA) with the following figures: Net Income: $100,000 Average Total...
Study smarter with the SolutionInn App