Which of the Following Must Occur for a Drawer to Become

question 65

Multiple Choice

Which of the following must occur for a drawer to become liable on an instrument?

• A) The holder of the instrument must present the instrument in a proper and timely fashion.
• B) The instrument must be dishonored.
• C) Notice of the dishonor must be given to the drawer.
• D) The holder of the instrument must present the instrument in a proper and timely fashion, the instrument must be dishonored, and notice of the dishonor must be given to the drawer.
• E) The holder of the instrument must present the instrument in a proper and timely fashion and the instrument must be dishonored, but there is no requirement of notice of dishonor since the injured party may proceed directly to court.

Identify the drawbacks and limitations of task analysis and how they can impact training effectiveness.

Appreciate the importance of a comprehensive approach in collecting data for needs analysis.

Understand the role of person analysis in identifying training needs.

Recognize the importance of team competencies in training program design.

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Definitions:

Basis

The amount of investment in an asset for tax purposes, used to calculate gain or loss on the asset's sale.

Debt

Debt signifies an amount of money borrowed by one party from another, often with the agreement that it will be repaid, usually with interest, at a future date.

Schedule L

A form used by businesses filing their federal tax return to provide a balance sheet if they have more than $250,000 in receipts or assets.

Net Income

The total earnings of a company after subtracting all expenses from revenues, indicating the actual profitability of the company.