A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is <span>the agreement by the parties to the new contract </span>and will either expressly revoke and discharge the obligations under the prior contract. It does not require the intervention of the law.
Property, liability, and life.
For regular tax purposes, with regard to the itemized deduction for qualified residence interest, home equity indebtedness incurred during a year: Is limited to $100,000 on a joint income tax return.
Explanation:
The debt of household property is entitled to a joint return of $100,000. Home equity debt is any mortgage not obtained by a qualifying property.
The reasonable market value of the home shall not be greater than that of the purchase loan or the lesser amount of $100,000.
The debt to purchase, create, and substantially improve a qualifying residence is the debt owed in the purchasing, construction and securing of such house (a 1 million dollars limited).
The certain value on debt that outperforms these limits can not be subtracted.
Answer:
Investment = 20,000
Return 2 = 5,000
Payment y3 = 8,000
Initial Investment = 20,000
NPV = -$5,881.89
Explanation:
Answer:
D. liquidity risk
Explanation:
Liquidity risk refers to the risk that occurs when a person or an organization unable to convert their hard assets into cash or cash equivalent as soon as possible.
This can be seen In the example above,
After moving to another city, Nisha probably need her money to purchase new property or purchase her basic needs. But she can't do it until she's able to sell the property that she has in her old place. This is why unable to sell her property created a liquidity risk for Nisha.
