Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 19, 2021

Explain the following conditions of payment in due course, also explain when it will be considered as violation of payment in due course by giving

Explain the following conditions of payment in due course, also explain when it will be considered as violation of payment in due course by giving suitable examples of your own.

a. Without Negligence

b. Payment in due course

c. Payment in accordance of apparent tenor

Step by Step Solution

★★★★★

3.47 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Without Neg lig ence This means that the pay ee has not been negligent in the performance of their d... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Document Format ( 2 attachments)

635e3e12060a4_183058.pdf

180 KBs PDF File

635e3e12060a4_183058.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions

Question

★★★★★

Linear System - Three Variables Solve the following system of equations using Gaussian elimination method. If there are no solutions, type "N' for both z, y and if there are infinitely many...

Answered: 1 week ago

Question

★★★★★

Explain why monetary policy would be completely ineffective under a fixed exchange rate system and perfectly elastic international capital flows.

Answered: 1 week ago

Question

★★★★★

A connecting rod is supported by a knife edge at point A; the period of its small oscillations is observed to be 0.895 s. The rod is then inverted and supported by a knife edge at point B and the...

Answered: 1 week ago

Question

★★★★★

Using a spreadsheet, compute the average return and standard deviation of each of the three asset classes. Compute the annual return of a portfolio consisting of 50% stocks, 40% real estate, and 10%...

Answered: 1 week ago

Question

★★★★★

Three steady flows are mixed in an adiabatic chamber at 150 kPa. Flow one is 2 kg/s of O2 at 340 K, flow two is 4 kg/s of N2 at 280 H and flow three is 3 kg/s of CO2 at 310 K. All flows are at 150...

Answered: 1 week ago

Question

★★★★★

Draw the phasor for the emf = (170 V) cos((2 60 Hz)t) at t = 60 ms.

Answered: 1 week ago

Question

★★★★★

2. Identify the faculty members in your psychology department whose backgrounds are in experimental, developmental, social, cognitive, or biopsychology. Select one whose research area interests you...

Answered: 1 week ago

Question

★★★★★

In 20X5, Balla Shoe Corporation developed a new product, an electric shoe tree. To increase acceptance by retailers, Balla sold the product to retailers with an unconditional right of return, which...

Answered: 1 week ago

Question

★★★★★

D S = demand for the Sky Eagle P S = selling price of the Sky Eagle D H = demand for the Horizon P H = selling price of the Horizon D S = 2 2 5 - 0 . 6 0 P S + 0 . 3 5 P H D H = 2 8 0 + 0 . 1 0 P S -...

Answered: 1 week ago

Question

★★★★★

5. From the following particulars of M/s Swapnil enterprises, prepare a Bank reconciliation statement: (1) Bank overdraft as per Pass Book as on 31st March, 2021 was * 8,800 (2) Cheques deposited in...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Develop analysis in collaboration with public health and community-based organizations to improve the health of the population by selecting a priority population on which to focus then do the...

Answered: 1 week ago

Question

★★★★★

Do you believe that the advancement of digitalisation has rendered microeconomic theory obsolete? Give an example to back up your claims.

Answered: 1 week ago

Question

★★★★★

Which area do you think is most important for business success and explain 5 reasons why the selected topic is more important than other three in Operations Management 1. Operations strategy, 2....

Answered: 1 week ago

Question

★★★★★

Companies must have quantifiable and measurable strategic objectives so actual performance can be assessed and compared against planned metrics or figures. The sooner the monitoring and control...

Answered: 1 week ago

Question

★★★★★

Develop a complete mission statement for Belikin Beer Company in Belize. Make sure it covers all 9 components of a Mission Statement being: customers, products / services, markets, technology,...

Answered: 1 week ago

Question

★★★★★

The plot below is called an indicator diagram and it describes a thermodynamic process.\ The gas starts in state 1, undergoes a constant volume decrease in pressure until it is in state 2 , then the...

Answered: 1 week ago

Question

★★★★★

Four GWU students have been selected to taste food sold by 3 different food trucks labeled as food truck A, B and C on H & 22nd Streets every Monday for 3-weeks. For each student, food trucks are...

Answered: 1 week ago

Question

★★★★★

Richard Corporation was founded on January 1, 2012, and entered into the following stock transactions during 2012: a. Received authorization for 100,000 shares of $20 par-value common stock , 50,000...

Answered: 1 week ago

Question

★★★★★

The following information was forecasted for 2012: Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $280,000 Property...

Answered: 1 week ago

Question

★★★★★

Refer to the data in PE 22-7. Marks Video Games main customer is considering whether to merge with the company (and its three stores). If the merger takes place, the efficiencies associated with...

Answered: 1 week ago

Question

★★★★★

=+18. Probability calculations play an important role in modern forensic science (Aitken, C., Statistics and the Evaluation of Evidence for Forensic Scientists,

Answered: 1 week ago

Question

★★★★★

=+17. Suppose that A and B are independent events with P(A) 5 .5 and P(B) 5 .6. Can A and B be mutually exclusive events?

Answered: 1 week ago

Question

★★★★★

=+15. In Exercise 5, suppose that 95% of the fasteners pass the initial inspection. Of those that fail inspection, 20% are defective. Of the fasteners sent to the recrimping operation, 40% cannot be...

Answered: 1 week ago

Previous Question Next Question