Box Coassigns a Conditional Contract with Yee to Zip Finance on on November

question 75

True/False

Box Co.assigns a conditional contract with Yee to Zip Finance on November 10.Zip Finance notifies Yee of the assignment on November 17.Yee had mailed his cheque to Box Co.on November 12,although it wasn't due until November 15.
-Yee must put a stop payment on the cheque to Box Co.and issue a new one to Zip Finance for the November 15 payment.

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Definitions:

Profit Center

A division whose parent company evaluates it on the basis of the profit it earns.

Executives

Executives are high-level managers or administrators in organizations, responsible for strategizing and decision-making to drive the company towards its goals.

Attention

The focused mental engagement on a particular item of information, object, or task, and the process of selectively concentrating on one aspect while ignoring others.

Divisional Profitability

A measurement of the financial performance of individual divisions or segments within a company, indicating their contribution to overall profit.