A & D,IncWrote a Negotiable Note Payable to Vicy,Inc

question 19

True/False

A & D,Inc.wrote a negotiable note payable to Vicy,Inc.for the purchase of some satellite receivers.A & D left the amount of the note blank because it was uncertain as to amount of the applicable tax.Vicy completed the note for $3,000 more than A & D actually owed for the receivers it purchased.The note was negotiated to a holder in due course.A & D will not have to honor the note as this constituted fraud in the execution.

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Definitions:

Value

A specific piece of data, often numerical, representing the magnitude, quantity, or importance of a variable or parameter in a process or calculation.

Source

The origin from which something comes, such as electricity in an electrical circuit, or data in an information system.

Destination

The term Destination in the context of automation and control systems refers to the target location or variable where data or control signals are directed.

Stored Value

A stored value refers to a quantity or information that is saved or retained in a storage system or medium for future use.