Most Entrepreneurs Do Not Have Enough Money of Their Own

question 323

Multiple Choice

Most entrepreneurs do not have enough money of their own to start their businesses. When they acquire the necessary funds from someone else,

• A)their consumption expenditures are being financed by someone else's saving.
• B)their consumption expenditures are being financed by someone else's investment.
• C)their investments are being financed by someone else's saving.
• D)their saving is being financed by someone else's investment.

Grasp the importance of timely notice and the implications of failing to provide it in the context of negotiable instruments.

Understand the role of an agent and principal in the context of negotiable instruments and the liability implications.

Recognize the requirements for ratification of unauthorized actions and the impact of such actions on liability.

Understand the effects of alterations and forgeries on the liability of parties to a negotiable instrument.