I will need 2 responses to the following 2 discussion board posts.
I will need 2 responses to the following 2 discussion board posts. (see attached)
Original prompt from the discussion board – Utilizing the concepts regarding Commercial Paper (Chapters 22 and 23) and the Bible (more than the scriptures assigned), write a post explaining what commercial paper means, as well as a biblical discussion regarding lending from both a lender’s perspective and a lendee’s perspective.
- Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of Business Law (10th ed.). New York, NY: McGraw Hill Education:
- Chapter 17, Sales;
- Chapter 18, Warranties;
- Chapter 22, Introduction to Commercial Paper;
- Chapter 23, Transfer and Discharge of Commercial Paper; and
- Deuteronomy 24:10-13 (Biblical Lending)
For the 2 responses – In addition, learners post a minimum of two responses to peer initial responses. The peer response should include additional research that expands upon one of key points noted in your peers initial response. The peer reply should be composed in a professional manner with a word count range of 150-350 words each.
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Responses
Post 1: William Gott
The first post discusses one of the major tools that is used by companies that wish to raise money for various projects, the commercial paper. A commercial paper includes certain legally binding documents such as checks, drafts, and notes that facilitate the transfer of funds from one organization to the other. In my opinion, commercial papers are great tools that have allowed companies to raise money when they want to expand or are faced by liquidity issues in their operations. There are certain things that I agree with the author. First, commercial papers tend to be cheaper compared to other sources of funds. This means that companies are bound to benefit from greater value through using commercial papers than other means of raising funds.
(418 words)