promissory note due to the Seller to be paid out in no more than 5 years. Anne will contribute $1.5M‚ Barry $0.5M. The partners have agreed to a 50/50 ownership split. The following terms will need to be negotiated and summarized in a term sheet: The structure of the $5M promissory note to Seller A Buy/Sell agreement between the partners An agreement that addresses the differential capital contributions and the ownership agreement. Promissory Note (See “Basic Considerations for Notes in Selling
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Reading: “3M Post-It Notes: A Managed or Accidental Innovation?” As you read this case story‚ think about the following two questions: 1. What were the critical factors that enabled 3M Post-it Notes to be successfully commercialized and what can we generalize about managing the innovation process from this case history? 2. What were the critical roles performed by some of the key individuals‚ including Silver‚ Oliveira‚ Nicholson‚ Fry‚ and Ramey? 1 33 3M’s Post-it Notes: A Managed or Accidental
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transfer aforesaid right to any other person Applicability :- 1. Location: Whole India except state of J&K 2. Instrument based: Section 13 gives definition of NI B/E‚ Pro Note and Cheque - For DD it is applicable - Not App on share certificate - Not App on share warrant - Not App on Document of title - Not App on Currency note - Not App on Bonds/Commercial papers/ T Bills/ FDs - App on Hundi (traditional instruments) Local rules are applicable‚ if not then NI Act is applicable Two
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with managers whose projects fail to meet ROI targets. Can you think of a way to prevent 3M’s product failures and keep generating profitable products? What would such a strategy look like? (3) Many of 3M’s products seem trivial (such as Post-it Notes)‚ and accidental. Has 3M just been lucky in the past? Would it be able to improve its performance if instead it targeted particular markets and products‚ and directed its engineers to develop products specifically that would sell? What would such
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Comprehensive Problem 1 c) Notes to the Financial Statements: 1. The company uses the straight-line depreciation method. The rental equipment is estimated to have a useful life of eight years. Thus‚ the monthly depreciation of the rental equipment is 240‚000/96‚ or $2‚500 per month. 2. The note payable to Rent-It is good for one year. $100‚000 and the accumulated interest are due on November 30‚ 2012. The account payable for office supplies is due in thirty days‚ or January 2‚ 2012. The account
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LAPULAPU FOUNDATION‚ INC. and ELIAS Q. TAN Respondents: COURT OF APPEALS (Seventeenth Division) and ALLIED BANKING CORP. Ponente: CALLEJO‚ SR.‚ J FACTS: In 1977‚ four loans from Allied Banking Corporation which is enclosed by four promissory notes amounting P100‚ 000 each was acquired by Elias Q. Tan‚ then President of Lapu-lapu Foundation‚ Inc. The bank was inhibited to file with the Regional Trial Court of Cebu City‚ Branch 15‚ a protest in looking for payment by Tan and the foundation‚ jointly
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balances of P6‚000. During your examination‚ you noted that on December 31‚ the company assigned P300‚000 of customers’ accounts to secure a 17%‚ P240‚000 note payable. A 1% commission based on the accounts assigned was charged and deducted from the cash received. The client recorded this transaction by a debit to cash and a credit to notes payable. Questions 1. How much is the Accounts Receivable (gross) balance at December 31? a. P 759‚000 b. P 789‚000 c. P 1‚101‚000 d. P 1‚131‚000
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Negotiable Instruments Act‚ 1881 From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The Negotiable Instruments Act‚ 1881 | An Act to define and Law relating to negotiable instruments which are Promissory Notes‚ Bills of Exchange and cheques | Citation | Act No. 26 of 1881 | Enacted by | Imperial Legislative Council (India) | Date enacted | 9 December 1881 | Date commenced | 1 March 1882 | Negotiable Instruments Act‚ 1881 was passed by British India and for over 130
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BPI v. DE COSTER 47 PHIL 594 FACTS: On Dec. 29‚ 1921‚ Gabriela Andrea de Coster y Roxas and her husband acting as her agent‚ made to the BPI a certain promissory note for P292‚000‚payable one year after date‚ with interest of 9 per cent per annum and payable monthly. In order to secure the payment thereof‚ Jean M.Poizat and J. M. Poizat and Co. executed a chattel mortgage in favor of the plaintiff on the steamers Roger Poizat and Gabrielle Poizat including the machinery and materials belonging
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whether the following provisions in a note impair or preclude negotiability‚ the instrument in each instance being otherwise in proper form. Answer each statement with either “Negotiable” or Nonnegotiable” and explain why. A. A note signed by Henry Brown in the trade name of the Quality Store. Nonnegotiable‚ no fixed amount. B. A note for $850‚ payable to the order of TV Products Company‚ “If‚ but only if‚ the color television set for which this note is given proves entirely satisfactory to
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