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stiks02 [169]
1 year ago
15

The Escrow Act, found in the California Financial Code, establishes two essential mandates for escrow validity. What are these m

andates
Business
1 answer:
nydimaria [60]1 year ago
6 0

The mandates established by the Escrow Act for an escrow validity includes:

  • there must be a binding contract between buyer (grantor) and the seller (grantee)
  • there must be a conditional delivery of transfer instruments and funds to separate agencies.

<h3>What is an Escrow?</h3>

This refers to the financial instrument whereby two or more parties involved in a legal transaction deposit assets, documents, and/or money with an independent third party known as the escrow agent.

In California, the Escrow Act was a state legislation that aims to protects members of the public who entrust their money or other assets to independent escrow agents in California.

Read more about Escrow Act

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In order to achieve the target for the nominal interest rate established by the monetary policy rule, the central bank adjusts:
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The Money Supply in an economy can be adjusted to influence interest rates due to the indirect relationship that exists between them. This means that when there is a high money supply, interest rates are lower and vice versa.

The Central Bank controls how much money is in the economy by using Open Market operations that buy or sell government securities as well as reserve requirements on banks.

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A municipal revenue bond trust indenture includes an "additional bonds test" covenant. This prohibits the issuer from doing all
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Answer:

C. issuing junior lien bonds unless the facility's revenues are sufficient to pay for existing and proposed debt

Explanation:

A municipal revenue bond trust indenture includes an "additional bonds test" covenant. This prohibits the issuer from doing all the following;

1. issuing parity bonds unless the facility's revenues are sufficient to pay for existing and proposed debt.

2. issuing senior lien bonds unless the facility's revenues are sufficient to pay for existing and proposed debt.

3. issuing bonds with the same lien on pledged revenues unless the facility's revenues are sufficient to pay for existing and proposed debt

On the other hand, it allows issuing junior lien bonds unless the facility's revenues are sufficient to pay for existing and proposed debt.

An additional bonds test ultimately implies that the issuer is prohibited or restricted from the issuance of new bonds against the revenues of any other firm having same parity lien against pledged revenues, except it has sufficient funds (revenues) to do so.

Generally, in bond transactions, prohibition are made for selling debt having a senior claim when compared to that of the old (existing) bondholders such as creditors or investors.

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Which of the following people would benefit most from using the read-only view? A. Lisa, who wants the copy editor to fix all th
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The answer is B. Tito. Hope this helps :)
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Jayla just opened a fitness studio in her hometown. Since her goal is to become the leading fitness studio in the area, she appr
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<em>The correct option is D) a target</em>

Explanation:

In business studies, most of the business holders have different goals which can be attained through different key components.

The key components of each goal can be specific as you cannot follow the wrong key components and desire for outcomes which are not related to the key components.

Jayla has a goal to become the leading fitness studio owner of the area, for this she sets up key components in the form of targets for each day that should be accomplished.

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