Explain the nature and effect of a postdated cheque. Describe a situation in which postdated cheques often

Question:

Explain the nature and effect of a postdated cheque. Describe a situation in which postdated cheques often are used.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0132164429

4th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

See More Books

Question Posted: Aug 07, 2019 10:17 AM

See More Questions

Which of the following statements is true? (i) A cheque is a type of bill of exchange. (ii) A bill of exchange is a type of cheque. Explain your answer.
List and briefly explain four types of defences that may act as either defect in title defences or real defences.
Carl owns 51 percent of the shares of Probex Inc, which carries on a successful building supplies business. At the last shareholders meeting, Carl elected Morris, Ellen, and himself as the directors...
Discuss documents that need to be included in recovery documentation?
Assuming Raoult's law to apply to the system n-pentane (1) In-hcptand(2), (a) What arc the values of x1 and y1 at t = 55C und P = 1/2 (P1sat + P2sat)? For these conditions plot the fraction of system...
The genetic code is random, which means that a particular codon could have coded for a different amino acid. The genetic code is also nearly universal, meaning that it is the same code in nearly all...
E 12-2 Denominated sales transaction entries Abe Inc., a U.S. company, sold its inventory to Poui SA for $20,000 and to Brit Ltd. for 20,000 euros on December 10, 2013, when the spot rate for the...
A General Power bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity of 7%. (Assume annual interest payments.) a. What interest payments to bondholders...
Can someone please help 5. Problem 10.08 (Cost of Common Equity and WACC) places. rS=WACC=% 5. Problem 10.08 (Cost of Common Equity and WACC) places. rS=WACC=%
Pinto Brothers are repaying a loan of $14 500 by making payments of $2600 at the end of every six months. If interest is 7% compounded semi-annually, construct an amortization schedule showing the...
What is a stop payment order? How is such an order given?
The concept of certification is rather unusual. Unlike other concepts associated with negotiable instruments, certification was not created or codified by the Bills of Exchange Act. Is that statement...
Linear Programming: The Random Company manufactures two products, Zeta and Beta. Each product must pass through two processing operations. All materials are introduced at the start of process no. I....
Turn this information into an excel sheets with the excel formulas being shown P10.1 (LO 1) (Depreciation for Partial Period-SL, SYD, and DDB) Alladin Company purchased Machine #201 on May 1, 2025....
You are the Financial Analyst at Wellington Laboratories Ltd., a New Orleans, USA based bulk drugs manufacturer, which is evaluating the following project for manufacturing a new compound. Year Cash...
A variable mesh screen produces a linear and axisymmetric velocity profile as indicated below in the air flow through a 2-ft diameter circular cross section duct. The static pressures upstream and...
A vertical round steel rod 2 m long is securely held at its upper end. A weight can slide freely on the rod and its fall is arrested by a stop provided at the lower end of the rod. When the weight...
8) Determine the magnitudes of the forces F and P so that the single equivalent couple (i.e. the resultant of the three couples) acting on the triangular block is zero. Z -F F 3 m 10 N, 30 6 m 10 N 3...
A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or Finished Goods...
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
Identify and briefly explain four ways in which personal property rights can be lost.
Occidental & Atlantic (OA) is a shipping company that offers to deliver goods for anyone anywhere in the world. Mediterranean Imports Ltd wished to have $500 000 worth of silk sent from a port in...
You are always entitled to keep property that you find on someone elses premises. Explain the extent to which that statement is correct.
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...

Explain the nature and effect of a postdated cheque. Describe a situation in which postdated cheques often

Question:

Step by Step Answer:

A postdated cheque is a cheque that is dated in the future A drawer uses a cheque to instru...View the full answer

Managing the Law The Legal Aspects of Doing Business

Students also viewed these Business questions