Fact Pattern 19-2 ​LNG Corporation and Midstates Utility Company Enter a Contract for a Contract

question 63

Multiple Choice

Fact Pattern 19-2
​LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.
-Refer to Fact Pattern 19-2. This instrument is

• A)a banker’s acceptance.
• B)a nonnegotiable instrument.
• C)a promissory note.
• D)a trade acceptance.

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Definitions:

Working Dynamic

The evolving interactions and relationships between members within a workplace, influencing the group's function and productivity.

Boss Management

Techniques or strategies for effectively dealing with one's supervisor or manager in the workplace.

Communication Style

The manner in which an individual expresses and exchanges information with others.

Leadership Style

The characteristic ways in which leaders guide, manage, and motivate others, impacting organizational culture and effectiveness.