Pledges of Accounts Receivable Are Normally Made on a Nonnotification

question 143

True/False

Pledges of accounts receivable are normally made on a nonnotification basis, meaning that a customer whose account has been pledged as collateral is not notified.

Determine the number of possible routes and used routes in transportation problems.

Apply the Northwest-corner method to initiate the solution for transportation problems.

Comprehend the significance of dummy rows or columns in the transportation model.

Calculate the capacity and demand correlation in transportation problems.

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Definitions:

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.

Duress

An action by one party that forces another party to do what need not be done otherwise.

Personal Defense

In negotiable-instruments law, a defense that can be used against a holder but not against a holder in due course of a negotiable instrument. Also called limited defense.