Reg business law - Study guides, Class notes & Summaries

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

Solution manual for Canadian Income Taxation 20222023 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman CHAPTER 1 TAXATION― ITS ROLE IN BUSINESS DECISION MAKING Review Questions 1. If income tax is imposed after profits have been determined, why is taxation relevant to business decision making? 2. Most business decisions involve the evaluation of alternative courses of action. For example, a marketing manager may be responsible for choosing a strategy for establishing ...

REG Business Law Exam Questions & Answers 2024/2025 What is an agent? - ANSWERSanyone authorized to act on behalf of another person, and who has the power to legally bind the principal to contracts, or in some cases, torts. what does an agency require? - ANSWERSan agreement -not in writing unless MY LEGS, aka land/not accomplish in one year who is required to have capacity in a principal/agent relationship? - ANSWERSthe principal what is capacity? - ANSWERSthe competency to enter ...

CPA REG - Business Law Section 2024 exam Questions and Answers

Business Law REG Exam Questions & Answers 2024/2025 Define Bilateral contract - ANSWERSA bilateral contract is a promise in exchange for a promise creating a contract. Define executory contract - ANSWERSAn executory contract is one not fully performed. What are four requirements for a *valid contract*? - ANSWERSoffer and acceptance, consideration (computer for $400), nothing to indicate either party lacks legal capacity, and in legal purpose. Define unilateral contract - ANSWERSan ...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...

Champions School of Real Estate - Real Estate Finance Latest Update Rated A+ A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. Release Clause ...

__________ occurs if the lender chooses the hazard insurance company when the borrower allows the policy to lapse. - Forced-placed insurance "APR" means? - Annual percentage rate. This is the cost of credit expressed as a percentage. A borrower is refinancing his home. How much time does Reg Z give him to change his mind? - 3 days A co-borrower whose income is used to qualify must sign the: - Mortgage and the note A deed is: - A legal instrument that conveys title to real property. A fu...