Once You Have Acquired a Job, You Do Not Need

question 52

True/False

Once you have acquired a job, you do not need to update your résumé till you start looking for another job.

Recognize the significance of representation and personal liability in transactions involving negotiable instruments.

Understand the implications of altered or forged negotiable instruments and the protections available to holders in due course.

Know the legal responsibilities of accommodation parties and their liability.

Identify the difference between transfer warranties and presentment warranties.

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Definitions:

Tangible Assets

Assets owned by a business that can be seen and examined.

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received on credit.