Answer:
a security that can be converted into any other type of security.
Explanation:
Convertible securities are securities (e.g. bonds) that can be converted into another security, usually into common or preferred stock, after an specified term of conversion ends. This specific term of conversion is set when the original security was issued.
The most common types of convertible securities are convertible bonds (that can be converted into common or preferred stock) and convertible preferred stock (that can be converted into common stock).
Answer:
B) $1,400,000
Explanation:
Policy A will cover $1,000,000 and policy B will cover $1,400,000
When a single insured company has two or more policies from different insurance companies, the contribution by equal shares provision establishes that the losses must be divided equally between the insurance companies until the full amount is paid.
Answer:
(a) True.
Explanation:
It should also be known that however, the firm is still responsible for the loan even if the receivables ultimately cannot be collected. The risk of default on the receivables is therefore borne by the firm. An alternative procedure is to sell the receivables at a discount to a financial institution known as a factor and let it collect the money. In other words, some companies solve their financing problem by borrowing on the strength of their current assets; others solve it by selling their current assets. Once the firm has sold its receivables, the factor bears all the responsibility for collecting on the accounts. Therefore, the factor plays three roles: it administers collection of receivables, takes responsibility for bad debts, and provides finance.
Answer:
fraud in the execution
Explanation:
Fraud in the execution refers to an unlawful act that can have dire results. Fraud is regarded to be enough action purposely scheduled to mislead another individual with a negative impact on that individual. Fraud may include misinterpreting a contractual component or taking something out of a deal that might deceive another person. Fraud could be a serious felony offense.
Thus, from the above we can conclude that the given case depicts fraud in the execution.
