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Which of the Following Constitutes Constructive Receipt in 2017

question 58

Essay

Which of the following constitutes constructive receipt in 2017?
a.A check received on December 29,2017.The check was postdated January 5,2018.
b.A check received on January 4,2018.It had been mailed on December 29,2017.
c.A rent check,received on December 31,2017,by the manager of an apartment complex.The manager normally collects rent for the owner who is out of town.
d.A salary check received at 5:30 p.m.on December 31,2017,after all banks are closed.
e.A paycheck received on December 26,2017.The check was not honored by the bank because the employer's account did not have sufficient funds.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price, over a specified period of time.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

Quantity Supplied

The quantity of a product or service that suppliers are ready and capable of offering for sale at a certain price during a defined timeframe.

Equilibrium Price

The equilibrium price is the price at which the quantity of goods suppliers are willing to supply matches the quantity of goods consumers are willing to buy, leading to market equilibrium.

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