Question 3
(a)Define a promissory note.
(b)State whether each of the following negotiable instruments is valid.
(i) A bill reads "pay ＄1,000 out of money to be received by you from Mr. Gao".
(ii) A bill of exchange reads "pay ＄10,000, charge the same to the sale proceeds of 100 cartons of toys shipped per SS Mingzen".
(iii) A bill of exchange which is stated as being payable on arrival of goods at a specified port.
(iv) Is a bill of exchange which is payable on a person's marriage valid？
(v) A bill of exchange is drawn in favour of a minor, a person below the age of eighteen.
(vi) A bill of exchange reads "we hereby request you to pay on our account to the order of Gao＄1,000".
(vii) A bill of exchange reads "pay to our order the sum of ＄5,000 in accordance with your undertaking authorized through Bank of Hongkong".
(viii) Is a cheque which reads "pay order" valid？
(ix) A promissory note reads "I promise to pay on or before Dec 1st, 1998 Mr. Gao or order the sum of ＄10,000 only for value received. Signed".
(x) Is a promissory note which reads "to be paid back in full by 1 July, 1988" valid？
AI搜题
NEW
搜题
第1题
Question 3
A medium-sized city has two major industries: financial services and manufacturing of electronic equipment. Suppose that restrictions on interstate competition in the market for financial services lead to a large expansion of the financial services sector in the city.
(a)What effect do you predict that this increase in jobs would have oil wages and housing prices in the city？
(b)What effect do you think there would be on the manufacturing sector in the city？ Would you expect that manufacturing employment would rise or fall？
第3题
A.Stable or decreased risk of liquidity problems Deteriorating liquidity position
B.Increased risk of liquidity problems Stable or improving liquidity position
C.Increased risk of liquidity problems Deteriorating liquidity position
D.Stable or decreased risk of liquidity problems Stable or improving liquidity position
第4题
What are the agents required in the process of money creation through the open-market operations?
第5题
A medium-sized city has two major industries: financial services and manufacturing of electronic equipment. Suppose that restrictions on interstate competition in the market for financial services lead to a large expansion of the financial services sector in the city.
(a)What effect do you predict that this increase in jobs would have oil wages and housing prices in the city?
(b)What effect do you think there would be on the manufacturing sector in the city? Would you expect that manufacturing employment would rise or fall?
第6题
Wong, the president of a corporation told Zheng that "if you work hard, and profit remains high, you'll get a bonus, if management thinks it's warranted." Profit remains high, but no bonus is paid. If Zheng sues, would a court enforce the promise?
第8题
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in thousands of pounds per year and P is measured in dollars per pound. Marginal cost is constant at MC=＄60 per pound.
(a)Find the monopolist's profit-maximizing price and quantity.
(b)What is the elasticity of demand at the profit-maximizing price?
