Homework Help: business law

Posted by just a student on Tuesday, June 19, 2012 at 11:17am.

Janet Wilson accepts an IOU from her employer in place of a paycheck. Wilson offers the IOU as payment for her groceries. Do you think the grocery store is likely to accept this type of payment?Why?

My answer: No, because an IOU is not a reliable source of payment. Am I correct?

business law - haha, Wednesday, June 20, 2012 at 3:35pm
Yes. The store will not accept an IOU as payment because it is not credible and can easily be forged.

Answer this Question

Related Questions

history - how did Woodrow Wilson's reform platform during the 1912 campaign ...
history - i really need help on this, i've been trying to answer it for so ...
APUSH - Please help! What event made the ratification of the Treaty of ...
history - I'm stuck between two answers on this question, and was wondering ...
math - If W(p)is congruent to 0(mod p), then p is a Wilson Prime. Show that 5 ...
US History - 9. How did Woodrow Wilson's reform platform during the 1912 ...
US HistoryII - In the Woodrow Wilson v. Henry Cabot Lodge would an issue be that...
business law - A NEW STATE LAW MANDATES THAT ALL EMPLOYERS MUST PORHIBIT SMOKING...
business law - A NEW STATE LAW MANDATES THAT ALL EMPLOYERS MUST PORHIBIT SMOKING...
US History - I'm comparing and contrasting the views of the economy under ...

For Further Reading

First Name:
School Subject:
Answer: