A promissory n - Study guides, Class notes & Summaries

BSAD 324 exam 2|76 Questions with Verified Answers Tony writes a check to purchase jewelry. He writes the numerical figure $250.00 in the small box on the right-hand side of the check. Then, in clear handwriting, he writes out the figure, "two hundred and seventy dollars and no cents." What is Tony liable for? - CORRECT ANSWER 270.00 Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: - CORRECT ANSWER the bank on which the check is draw...

The California Insurance Code defines "policy" as a(n) accepted offer promissory arrangement written contract written quotation - written contract A "policy" as described by the California Insurance Code is a written contract in which one party promises to indemnify another against loss that arises from an unknown event. The California Insurance Code allows an individual how many days to cancel a life policy for a full-refund? - Every policy of individual life insurance shall have a ...

National Test TN Real Estate Questions and Answers 100% CorrectNational Test TN Real Estate Questions and Answers 100% CorrectNational Test TN Real Estate Questions and Answers 100% CorrectNational Test TN Real Estate Questions and Answers 100% CorrectNational Test TN Real Estate Questions and Answers 100% Correct Ratification, Estoppel, agreement are all correct An agency relationship may be created by: - ANSWER-Ratification, Estoppel, agreement are all correct Failure to perform any o...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANSWER-c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's a...

addendum - Answer an addendum is a document attached to and made part of the original contract it is important to do what when adding an addendum? - Answer always be accurate and specific about what is being added or modified, including which contract will be affected. licensed real estate agents should? - Answer be able to identify when they are able to provide assistance to their clients as well as when they should recommend the use of a professional every loan for real estate is made...

The higher the expected rate of inflation, _. correct answers The higher is the required rate of return on investment A corporate bond that yields 12% includes a risk-free rate of 7% and a default premium of 3%. The Bond's maturity risk premium is _. correct answers 2% Which bond has the highest default risk for a given return? _. correct answers A CCC Corporate bond with a 10-year maturity Other things held constant, if a bond indenture contains a call provision, the yield to maturity...

ACC 101 Full Version 323 | Complete Solutions (Verified) QN=1 If assets are $199,000 and liabilities are $132,000, then equity equals a. $32,000. b. $67,000. c. $99,000. d. $131,000. e. $198,000. QN=2 A cash outflow from the company into its owner is called a(n): a. Liability. b. Withdrawal. c. Expense. d. Profit. e. Investment. QN=3 Liability created by purchasing goods and services on credit (tín dụng) are: a. Accounts payable. b. Accounts receivable. c. Liabilities. d. Expenses. e. Equit...

Ratification, Estoppel, agreement are all correct An agency relationship may be created by: Ratification, Estoppel, agreement are all correct Failure to perform any of the terms or conditions of a contract is called Breach A licensed real estate broker is successful in securing a buyer for a property who is ready, willing, and able to buy. The offer is accepted and signed by both parties and escrow is opened. During the escrow period, the TITLE company discovers that the sel...

Debt and Money Markets (Exam 1) with Complete Solutions A "blue chip" corporation experiencing a short term cash flow shortage could issue: - ANScommercial paper All of the following statements are true about commercial paper EXCEPT commercial paper: - ANSis a funded debt of the issuer Which of the following statements are TRUE about commercial paper? - ANSmaximum maturity of 270 days, matures on a pre-set date at a pre-set price, is quotes on a. yield basis, and is an unsecured promis...

ACCT 2101 Final Exam Study Guide Chapters 1 – 12 Chapter 1 1. The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a. account payable. b. account receivable. c. revenue. d. expense. 2. The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. 3. Borrowing money is an example of a(n) a. delivering activity. b. financing activity. c. inves...