Recreation Corporation files a suit against Spring Break Tours Inc. and seeks to examine certain documents in the defendant's possession. A legitimate reason for this examination is that the documents contain

A) information that is relevant to the case.
B) private information about the defendant's operations.
C) public information about the defendant's operations.
D) irrelevant data that can be eliminated from consideration.

In the circular flow model of the market system, households' major role is to

A) buy both products and resources.
B) sell both products and resources.
C) buy products and sell resources.
D) sell products and buy resources.

A holder in due course is free from the defenses of fraud in the inducement in the underlying contract,unauthorized completion or material alteration of the instrument,and unauthorized acquisition of the instrument.

Cash collections in a schedule of cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period.