Liquidated debt - Study guides, Class notes & Summaries

BUL3310 EXAM 3 QUESTIONS WITH ANSWERS REV ISED AND UPDATED! exemplary - Answer-What is another term for punitive damages? bilateral - Answer-Bob promised to pave Sue's driveway and Sue promised to pay him $5000 when the work was completed. The contract between Bob and Sue is a __________________contract. mitigate - Answer-Plaintiff's duty to take steps to lessen the damages that result from a defendant's breach of contract is the duty to ______________. true - Answer-Another term fo...

BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated) Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: will be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreement is rea...

Consideration - correct answers Legal Detriment on both sides, bargained for. Legal Detriment - correct answers Taking on some obligation you had no previous duty to take on. Giving up some right you had no previous duty to give up. Pre Existing Duty Rule - correct answers If a person is doing their job and have a pre-existing duty to do said job, they cannot make a new contract. Liquidate - correct answers Liquidated debt is a debt not in dispute. When a debt is liquidated there is no ...

Fundamental of Insurance & Risk exam questions and answers 2024 Which of the following types of families is likely to have the least need for a large amount of life insurance? A) blended family B) traditional family C) single person family D) sandwich family - ANSWERS c The human life value is defined as the A) present value of a deceased breadwinner's future gross income. B) future value of a deceased breadwinner's past earnings. C) present value of the family's share of a decea...

Security an investment that represents either an ownership or a debt stake in a company Debt Security usually acquired by buying a company's bonds Debt Investment a loan to a company in exchange for interest income and the promise to repay the loan at a future maturity date. Does not confer ownership Stock represents equity or ownership in a company Bond a loan to a company Balance Sheet summarizes the company's assets, liabilities, and equity Net Worth Assets-Liabilities=E...

[FIN202] Chap 1 Questions and Answers | Latest Update | 2024/2025 | Already Passed 33. Cash dividends are paid out of A) residual cash. B) liquidated assets. C) long-term debt. D) all of the above. A 34. Current liabilities are liabilities that A) will be converted to cash within a year. B) must be paid within a year. C) will be converted to equity within a year. D) none of the above B 35. Capital budgeting involves A) how a firm's day-to-day financial matters should be ma...

ANSWERS TO QUESTIONS Q1-1 Complex organizational structures often result when companies do business in a complex business environment. New subsidiaries or other entities may be formed for purposes such as extending operations into foreign countries, seeking to protect existing assets from risks associated with entry into new product lines, separating activities that fall under regulatory controls, and reducing taxes by separating certain types of operations. Q1-2 The split-off and spin-off res...

Uniform Commercial Code - Nationwide code that seeks standardize commercial transactions into a single, cohesive unit Contract elements - agreement, consideration, capacity, legality Liquidated Damages - An amount, stipulated in the contract, that the parties to a contract believe to be a reasonable estimation of the damages that will occur in the event of a breach. 2 parts to see if liquidated damages will be enforced. Upon entering the contract, was it apparent that the damages would be ...

Fundamental of Insurance & Risk exam questions and answers 2024 Which of the following types of families is likely to have the least need for a large amount of life insurance? A) blended family B) traditional family C) single person family D) sandwich family - ANSWERS c The human life value is defined as the A) present value of a deceased breadwinner's future gross income. B) future value of a deceased breadwinner's past earnings. C) present value of the family's share of a decea...

Fundamental of Insurance & Risk exam questions and answers 2024 Which of the following types of families is likely to have the least need for a large amount of life insurance? A) blended family B) traditional family C) single person family D) sandwich family - ANSWERS c The human life value is defined as the A) present value of a deceased breadwinner's future gross income. B) future value of a deceased breadwinner's past earnings. C) present value of the family's share of a decea...