Business, 23.10.2019 01:50 trillred

Margo maker executed and delivered a negotiable promissory note for $10,000 to acme bank and trust. the note, while in acme’s possession, was altered from $10,000 to $100,000. acme sold the altered note to wherever life insurance company for $95,000. the endorsement from acme to wherever is without recourse. wherever life insurance company then sells the note to harrison holder for $95,000. wherever’s endorsement to harrison holder is without recourse and warranty. at maturity, harrison holder presents the note to margo maker for payment. can harrison holder recover $100,000 from margo maker? does harrison holder have a right to recover against acme bank and trust? does harrison holder have a right to recover against wherever life insurance company?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 18:00

Arapid increase in the population of a city or town is most likely to lead to which of the following? a. higher-paying jobs. b. low housing prices. c. a seller's market. d. a drop in population density. 2b2t

Answers: 1

Answer

Business, 21.06.2019 19:20

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Answers: 1

Answer

Business, 22.06.2019 02:20

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Answers: 2

Answer

Business, 22.06.2019 12:10

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

Answers: 1

Answer

You know the right answer?

Margo maker executed and delivered a negotiable promissory note for $10,000 to acme bank and trust....

Questions