C there must be intent to commit fraud upon the

Info icon This preview shows pages 11–13. Sign up to view the full content.

View Full Document Right Arrow Icon
C. There must be intent to commit fraud upon the issuance of worthless check. D. There must be subsequent dishonor of the check by the drawee bank for insufficiency of funds or creditor dishonor for the same reason had not the drawer, without any valid cause, ordered the bank to stop payment. 46. What is the prima facie evidence that the drawer of issuer of check has knowledge that check he issued has insufficient fund? A. The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or credit with such bank, when presented within sixty (60) days from the date of the check. B. The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or credit with such bank, when presented within thirty (30) days from the date of the check. C. The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or credit with such bank, when presented within twenty (20) days from the date of the check. D. The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or credit with such bank, when presented within ninety (90) days from the date of the check. 47. What is the evidence or defense that may be used by the issuer of a worthless check to destroy the prima facie evidence that he has knowledge of insufficiency of fund of the check? A. The maker or drawer pays the holder thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within (10) banking days after receiving notice that such check has not been paid by the drawee. B. The maker or drawer pays the holder thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within (15) banking days after receiving notice that such check has not been paid by the drawee. C. The maker or drawer pays the holder thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within (5) banking days after receiving notice that such check has not been paid by the drawee. D. The maker or drawer pays the holder thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within (3) banking days after receiving notice that such check has not been paid by the drawee. Page 12
Image of page 11

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
LAW ON PARTNERSHIP 48. In the absence of agreement as to sharing of partnership losses, how shall the losses be distributed to the partners? A. It should be divided equally among the capitalist partners. B. It should be divided proportionately to the capitalist partners in accordance to the capital contribution ratio. C. It should be divided in accordance with the profit agreement among the capitalist partners.
Image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern