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The drawer, Commercial Credit Corporation (Corporation), issued two checks payable to Rauch Motor Company. Rauch indorsed the checks in blank, deposited them to its account in University National Bank, and received a corresponding amount of money. The Bank stamped ‘‘pay any bank'' on the checks and initiated collection. However, the checks were dishonored and returned to the Bank with the notation ‘‘payment stopped.'' Rauch, through subsequent deposits, repaid the bank. Later, to compromise a lawsuit, the Bank executed a special two-page indorsement of the two checks to Lamson. Lamson then sued the Corporation for the face value of the checks, plus interest. The Corporation contends that Lamson was not a holder of the checks because the indorsement was not in conformity with the UCC in that it was stapled to the checks. Is Lamson a holder? Why?
Discuss and explain the salient features of planning from any organisation.Use practical examples?
You should identify and describe the types of waste that a lean production system seeks to eliminate. There are seven categories or types of muds or waste (Ohno, 1998): Overproduction means to manufacture an item before it is actually required, Wai..
How should shopper's stop develop its demand forecasts
Discuss the critical aspects of planning and management of the accommodation service function for a given hospitality operation.
Explain how operations would have differed if Year 2 if the company had been using Lean Production and ending inventories had been eliminated.
Considerations an American based organization needs to take into account when working in multiple nations with vastly different employment laws.
If sales forecast is subject to error, then there is no purpose of budgeting. Do you agree? Substantiate your views and also discuss how a flexible budget can be used by management to control the costs.
Discusses the issue of managing conflict in virtual teams
part - 1q. 1. define benchmarking.q. 2. what is the need for benchmarking?q. 3. what are the types of benchmarking?q.
Is Whichbank Ltd able to recover the loan from the company?
Brisbane-based Toyota Australia, with a network of 30 dealers, did not know enough to operate efficiently with their own main business functions (e.g. accounting, sales, marketing, inventory, human resources). How could ERP system help solve this ..
Analyze the various elements that comprise the field of management. In addition to this, research the evolution of management. How has it changed over time? What factors have influenced the changes? Likewise, how has it not changed? Are there a..
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