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GaryK [48]
2 years ago
5

The __________ assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misr

epresentation, deceit, or conversion of trust funds in a transaction.
Business
1 answer:
Finger [1]2 years ago
4 0

The SAFE act assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.

<h3>What is the SAFE act?</h3>

This was the act in the United States that made it mandatory for houses to be registered and licensed.

The act is based on houses that are used as residences. The full meaning of the act is the  Secure and Fair Enforcement for Mortgage Licensing Act.

The main purpose of the SAFE act is to try to ensure that consumers are protected and also help in the reduction of fraud. This would be done by setting a standard for licensing and the originators of mortgage loans.

Hence the correct answer to the question is the SAFE act.

Read more on court judgement here; brainly.com/question/14077067

#SPJ1

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Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.
9966 [12]

Answer:

0.64

Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

3 0
3 years ago
A bank can borrow or lend at LIBOR. Suppose that the six-month rate is 4% and the nine-month rate is 5%. The rate that can be lo
Svetlanka [38]

Answer: Interest rate from Banks

Explanation: The Opportunities open to the bank areas follows-1.Customers Visiting the bank for loans 2. This will encourage retained earnings for the bank. 3. The interest rate will increase the bank equities on the stock exchange market. 4. This will attract investment opportunities in other sectors for the bank.

4 0
3 years ago
Michael wong and sanjay patel, both lawyers, start a law firm together. both of them have unlimited liability for the debts of t
UNO [17]

The law firm that Michael Wong and Sanjay Patel started together is an example of general partnership. The general partnership is a way where partners have an arrangement of joining together in one business that will provide them unlimited liability in terms of the obligations in their partnership.

6 0
3 years ago
A consumer contest is an example of Group of answer choices sales promotion. public relations. personal selling. indirect sellin
kirill [66]

In marketing, an example of a Sales promotion is a consumer context.

<h3>What is a Sales promotion?</h3>

This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product

Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.

Therefore, the Option A is correct.

Read more about Sales promotion

<em>brainly.com/question/14772910</em>

#SPJ11

4 0
2 years ago
Read 2 more answers
Consider the following five situations. In which situation would a borrower be best off and in which situation would a lender be
umka2103 [35]

Answer:

The borrower is best off in situation <u>"a"</u> and the lender is best off in situation ▼  "C" .

Explanation:

Considering all the situations given in the options, the <u>borrower</u> is best in situation <u>a</u> and <u>lender</u> is best off in situation in <u>c</u>.

<u>Part a </u>

Real Interest rate = Nominal Interest rate - Inflation rate = 14 - 17 = -3 per cent. Thus, the purchasing power of money has fallen and the person has to pay back money with little purchasing power as compared to the value of the purchasing power at the time he borrowed money. Thus, borrowers are best off.Thus, <u>borrower</u> is best off when the inflation rate is very high.

<u>Part c</u>

Inflation rate is negative, thus the purchasing power of money will increase and lenders will get back money with higher purchasing power as compared to the value of the purchasing power of money at the time he lend the money. Thus, <u>lender </u>is best off when inflation rate is lowest.

5 0
3 years ago
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