Which of the Following Defences May Be Used Against a Holder

question 17

Multiple Choice

Which of the following defences may be used against a holder of a bill of exchange?

• A)set-off
• B)minority
• C)failure of consideration
• D)contributory negligence
• E)ultra vires

Understand the importance of market-based pricing in setting selling prices.

Compute and analyze contribution margin in decision-making scenarios.

Understand the principle of target costing and its applications.

Differentiate between various cost concepts including product cost concept, total cost concept, and variable cost concept.