the farm operations. The McIlory Bank and Trust agreed to loan him $175‚000.00 on short term promissory notes which all the owners of S.B.H. Farms had to sign. While all the owners of S.B.H. Farms were at the bank‚ they had an oral discussion about the long-term loans for the farm. With no set amount‚ no interest rates‚ or how much to pay when the long-term loan is due. When the promissory notes were due the S.B.H. Farms did not make their payment as they said‚ and the loans went into default. The
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1. The Post-It notes‚ due to their innovative nature‚ turned out to be the sort of product which is difficult to describe to people who are unfamiliar with it. A Post-it note solves a problem that people were not even aware they had‚ yet it is just a sticky piece of paper. Doesn’t sound interesting... For these reasons regular advertising campaigns proved ineffective. 2. Silver – invented the adhesive and kept the "project" alive for a long time. Fry – came up with the product idea for Post-it and
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brands like Post-It Notes and Scotch Tape on its roster as well as innovative products like multi-layer optical films that go into LCDs. There are 6 major business units with 40 independent divisions in the company‚ operating with hundreds of offices‚ plants and suppliers around the world. 3M also has a number of core technologies feeding into its different markets and crossing over business lines. It was founded in 1902 and has become synonymous with innovation. While Post it Notes is its most recognized
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of Pangasinan. Esguerra executed a lease in favor of de Guzman in Esguerra-Gueco Building in Dagupan City. Beginning July 1961. However‚ de Guzman failed to pay his rentals for February to August 1962‚ and de Guzman’s mother executed a promissory note. However‚ the mother failed to comply with the same. A suit then commence‚ however‚ it was settled through a compromise agreement. PhP 2‚260 was paid which represented a substantial amount of the debt originally owed‚ albeit late in compliance with
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(Dispositions‚ Including Condemnation‚ Demolition‚ and Trade-In) Presented below is a schedule of property dispositions for Hollerith Co. Schedule Of Property Dispositions Accumulated Cash Proceeds Fair Value Nature of Cost Depreciation Depreciation Land 40‚000 31‚000 31‚000 Condemnation Building 15‚000 3‚600 Demolition Warehouse 70‚000 10‚000 74‚000 74‚000 Destruction by fire Machine 8‚000 2‚600 900 7‚200 Trade in Furniture 10‚000 7‚650 3‚100 Contribution Automobiles 9‚000 3‚400 2‚960
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a grace note and it is a note of embellishment usually one step above the main note. As Michel Debost says on his book "The Simple Flute"‚ the appoggiatura got his name because the note is outside the harmony‚ is part of a dissonant chord‚ creating tension‚ or because it is leading to or longing for resolution and release. As we can see‚ the appoggiatura can be interpreted in many different depending where it is located. The interpretation is different usually depending of the notes following
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maturity to the holder of the instrument if the maker or acceptor is to be discharged. A payment by a party who is secondarily liable does not discharge the instrument. By party primarily liable by becoming holder (Section 90): If the maker of a note or the acceptor of a bill becomes its holder at or after its maturity in his own right‚ The Negotiable Instruments Act‚ 1881 4.5 instrument is discharged. By express waiver: When the holder of a negotiable instrument at or after its maturity
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debtClassify as part of other gains and losses on the income statement. Mortgage payableClassify one-third as current liability and the remainder as long-term liability on balance sheet. Debenture bondsClassify as long-term liability on balance sheet. Notes payableClassify as long-term liability on balance sheet. Premium on bonds payableClassify as adjunct account to Bonds Payable on balance sheet. Treasury bondsClassify as contra account to bonds payable on balance sheet. Income bonds payableClassify
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financial documents together with commercial documents. The collection of only financial documents is called clean. Commercial documents are: invoices‚ bills of lading‚ waybills and certificates. Financial documents are: bills of exchange‚ promissory notes‚ cheques and payment receipts. Documentary letter of credit When a buyer in one country wants to pay a seller abroad he asks his bank to «issue» or to «open» a letter of credit. It means that the buyer’s bank issues
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amount is payable after the expiry of certain period. Normally 2 to 3 days of grace are allowed 5. Signed by the drawer The bill must be signed by its maker. Without signature‚ it will not be a legal document. IMPORTANT NOTES REGARDING BILL OF EXCHANGE. 1. Bill of exchange is drawn by a creditor upon his debtor. 2. It is legal valid document. 3. It is also an evidence of debt. PARTIES TO THE BILL OF EXCHANGE Bill of exchange involves the following three parties:
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