To loan contractually means to loan with a signed agreement between the borrower and the lender. The borrower promises to pay the loan according to the payment schedule written in the agreement. So, the best answer for the question above is C: Agree to the terms of the loan and are obligated to pay according to those terms.
If it’s free then I don’t think they need to determine the price bc it’s free
Answer:
False
Explanation:
The contract is not voidable at Leslie's option but rather at the supplier's option. This is because Leslie has agreed to the buy the shoes, irrespective of the price.
Should Leslie want a price stated in the contract, the case has to be taken to court and the judge will have a price stated that suits both parties.
Cheers
The interest income account is debited and the cash account is credited in the journal entry for interest on a note receivable.
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What are Notes payable?</h3>
Long-term obligations known as notes payable represent the sums that a firm owes its financiers, including banks and other financial institutions as well as other funding sources like friends and family. They are considered long-term since they are due after a year, though typically within five years.
Thus, the journal entry of interest on notes payable can be referred to in the below image.
Learn more about notes payable :
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Answer:
B. His job performance is lower than that of most other employees.
Explanation:
If it said the Ron is not perfect then it means that he do not perform as good as what is at-least expected from him.
This is because he is very dedicated to his work, but even after that he is not able to deliver what is expected from him. Maybe because all other employees deliver what is desired from them.
Accordingly he performs lower than most of the employees and that is the important reason provided he is not the perfect employee.
Thus, he is performing lower than most of the employees.