subject
Business, 27.12.2019 01:31 jaylynomalley

Thomas reep, was the president of first national bank in clarksville. r. l. moore approached reep requesting the bank to open an account in the name of texas continental express, inc., a corporation owned by his two sons. r. l. had no affiliation with the corporation nor any financial interest in it. r. l. promised reep that he would open several accounts in first national that would more than amount to the business of his sons. r. l. assured reep that if anything came up in connection with the sons' account, reep was to contract him directly. upon these conditions, first national proceeded to furnish a regular checking account and bank draft services for texas continental. sometime later, first national paid two drafts overdrawing the account by $448,942. when reep contacted r. l. about the overdrawn account, r. l. assured reep that money would be deposited in the account. when reep called back a few days later to find out why the money had not been deposited, r. l. informed reep that his wife had suffered a nervous breakdown the night before and the deal was off. first national bank brought suit to enforce r. l.'s promise to pay the debts of texas continental. what is the likely outcome? best

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. βˆ’ exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) βˆ’ na = (360 ) (360 ) oa b. na = (360 ) + 360 360 βˆ’ na = 360 na c. (360 ) = na + (360 ) (360 ) βˆ’ na = (360 ) na d. na = (360 ) + 360 360 βˆ’ na = 360 na
Answers: 1
question
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
question
Business, 22.06.2019 13:40
Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.
Answers: 2
question
Business, 22.06.2019 15:40
Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?
Answers: 1
You know the right answer?
Thomas reep, was the president of first national bank in clarksville. r. l. moore approached reep re...
Questions
question
Mathematics, 01.05.2021 04:10
question
Mathematics, 01.05.2021 04:10
question
Mathematics, 01.05.2021 04:10
question
Mathematics, 01.05.2021 04:20
question
Mathematics, 01.05.2021 04:20
question
Mathematics, 01.05.2021 04:20
Questions on the website: 13722362