43. Postdated Check Gentilotti, father of an illegitimate son, drew a check for $20,000 in 1969 payable to the son's order. The check was dated July 1, 1985, bu
provided on the face of the check that, should Gentilotti die before that date, "this
check shall be payable immediately.” Gentilotti issued the check to the son's mother,
the legal guardian. Gentilotti died on July 4, 1980. Despite the available funds, the
bank, acting on orders of Gentilotti's executor, refused payment when the check was
presented. The drawer's executor refused payment on the grounds that the obligation
was not due. Was the postdated check valid? [Smith v. Gentilotti, 359 N. E.2d 953
(Massachusetts)]

Menu design is determined by the market, and meal period.

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.