Consider the differing means of debt financing available (or emerging) that may be involved in business performance and decision-making (Ch. 26, 27, 30, 31). What are the legal rights, responsibilities, and liabilities of parties involved with negotiable instruments, secured transactions, and debtor-creditor relationships?

What steps should be taken to account for and safeguard a companys rights and track its responsibilities in such relationships?

Once entered into a contract payment is discussed between the buyer and seller of any purchase of goods. These payments can be processed in three ways: cash, credit or cash substitute. Negotiable instruments are known to be substitutes for cash that are required, which is considered to be a written document by a creator that requires...