All parties to a negotiable instrument will be discharged when the party primarily liable on it pays to a holder the full amount due

In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the total increases are $7,200 and the total decreases are $4,000. This means that the ending balance of the account is a credit balance of $3,200

Indicate whether the statement is true or false

An agency relationship is best established by:

a. implied contract by law. b. voluntary by agent. c. written contract. d. oral agreement.