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Hilary bought jewelry at the request of her elderly mother, using her own credit card. Her mother issued a cheque to Hilary for the cost of the jewelry, $225. Hilary owed $225. to her neighbour, Jim Butler. Hilary signed the back of the cheque with her name and gave it to Butler to satisfy her debt to him. Butler lost the cheque.
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What should Butler do? Explain why.
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What should Hilary or her mother do?
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After running a successful small lumber yard business for 22 years, Owen, the president of Owen Lumber Ltd., just received the latest financial statements from the accountants which reveal a serious downturn in revenues as a result of the collapse of the lumber industry in BC. The company has been sued by several of its creditors.
What options are open to Owen?
APA style
No plagiarism
1 page long
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