判断题The Exchange Fund is responsible for the issuing and redemption of the Certificates of Indebtedness which give authority to the note-issuing banks to issue banknotes.
判断题Chan wanted to sell his business in which Lee was interested. During the course of negotiations in January, Chan correctly represented the takings to be about ＄40,000 a month.
The contract was not signed until June when takings had fallen to ＄1,000 a month owing to Chan's illness. Chan did not mention the drop when the contract was entered into in June.
Can Lee rescind the contract?
判断题Credit instruments are issues by which investors supply permanent financing to firms or other borrowers including governments.
判断题Money is a commodity itself.
判断题In order to lower breakeven point in unit, business should increase its fixed costs.
判断题A person can exclude or restrict his liability for personal injury resulting from negligence by express consent.
判断题John wrote to Mary asking "Will you sell your second-hand car? Please tell me your lowest price." Mary replied in a letter: "The lowest price for my used car is ＄2,000." John then sent the second letter to Mary saying that he agreed to buy the used car for ＄2,000. But before Mary received the letter from John, Mary sold her used car to David.
Can John sue Mary to enforce the contract?
判断题Vicarious liability means liability for the tort of another.
判断题Debit instructions arise when the party to whom payment is to be made demands the funds from the bank holding the debtor's money.
判断题In an inflation economy, the inventory ending balance recorded by FIFO method is lower than that recorded by LIFO method.
判断题Explain:
(a) Acceptance of bills of exchange.
(b) General acceptance.
(c) Qualified acceptance.
判断题(a) Define cheque.
(b) Explain any five points of the differences between cheques and bills of exchange.
判断题A promissory note has only two parties: the bearer and payee.
判断题Consideration is either some detriment to the promisor or some benefit to the promisee.
判断题A cheque which reads "Pay cash" is a valid cheque.
判断题Money is limited to banknotes and coins in circulation.
判断题A foreman's salary is a direct cost with respect to the department's individual products.
判断题Personal property consists of all movable property except property recoverable and /or enforceable by taking an action.
判断题A right in personam is a right against a particular person only.
判断题In January, 1992, Wang rented a house for three years at a monthly rent of ＄1,000. Wang became unemployed in August, 1992 and wanted to move out. Jone then orally agreed to reduce the monthly rent to half. In January, 1993 Wang was informed to pay the amount of rent he had paid before.
Could Wang insist on paying the half rent until expiration of the contract?
Give reasons for your answer.