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muminat
1 year ago
8

You are shopping for a new car. You find the perfect vehicle and are now applying for a loan from your local bank. Unfortunately

, the bank rejects your application. You are surprised, because you have always paid your bills on time. You decide to examine your credit report. You discover that the credit agency is wrongly reporting that you are delinquent on a credit card bill. You have asked the agency to remove the inaccurate entry, but it has failed to do so.
Business
1 answer:
uranmaximum [27]1 year ago
6 0

The liability faced by the credit agency for its incorrect reporting of your credit history is that  your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

<h3><u>What is liability?</u></h3>
  • A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied.
  • Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses.
  • Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.
  • A liability, in general, is an obligation between two parties that hasn't been fulfilled or paid for.
  • A financial liability is an obligation in the realm of accounting, but it is more specifically characterized by prior business transactions, events, sales, exchanges of assets, or services.

Under the Fair Credit Reporting Act, your damages are not $5,000 only. It is also not actual damages plus or $3,000 plus the attorney's fees.

Know more about liability with the help of the given link:

brainly.com/question/15006644

#SPJ4

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Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at shor
Kitty [74]
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5 0
3 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $205.498 million Total Common Stock of $6.
sergey [27]

Answer:

The value of total liabilities is $155.031 million and option c is the correct answer.

Explanation:

The basic accounting equation states that the total value of assets is always equal to the sum of the total value of liabilities and the total value of equity.

Thus, we can say that,

Total Assets = Total Liabilities + Total Equity

The equity part can contain various components. In the given question it has two components namely Common Stock and retained earnings.

205.498 = Total Liabilities + (6.350 + 44.117)

205.498 = Total Liabilities + 50.467

205.498 -  50.467 = Total Liabilities

Total Liabilities = $155.031

8 0
3 years ago
Jane: "I'll pay you $50 if you will clean my windows." Al: "I'll do it for $75." Jane: "$65 and it's a deal." Al: "No way." Jane
Harlamova29_29 [7]

Answer:

c. There is no contract.

Explanation:

For a contract to be valid there has to be a offer and acceptance. In the question there was no offer that was accepted. Let us go through the conversation;

Jane made an offer of $50

Al did no accept, instead he made an offer of $75

Jane did not accept Al's offer instead she made an offer of $65. To this offer Al said "No way" meaning he did not accept.

7 0
3 years ago
Ugo's promotion to regional manager at sears with a higher salary and more prestige is an example of what type of vertical socia
ddd [48]
<span>This is an example of ascending vertical social mobility because he is going upward. He is getting a higher position with more money. He is going up the ladder rather than being demoted downward to something lower.</span>
7 0
3 years ago
The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool cri
Semmy [17]

Answer:

6.4 minutes

Explanation:

Average small tool per day = 445

 working hours = 8     so that is 8*60 =  (480 minutes)

Waiting time  =  

\frac{[445*(\sqrt{1} )]}{[2*[480-(445*1)]]}  (image of the operation on the attach file)

 =[445]/[(2*35)]

=445/70

=6.357 minutes

3 0
3 years ago
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