1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
azamat
3 years ago
11

A and B are married and own property as tenants by the entirety. The property is worth $500,000. A incurs a debt of $100,000 and

can’t repay the debt. Can the creditor go after A’s share of the property to collect the debt? If so, why? If not, why not?
Business
1 answer:
stealth61 [152]3 years ago
4 0

Answer: People who have the status of a creditor in front of only one of the spouses cannot access the property that the 2 possess while they both live there.

As in this case the creditor is only creditor of "A", he cannot only pursue the part of "A" therefore he cannot obtain the execution of the property.

You might be interested in
Why do we practice making associations with simple and mundane problems and resources? Select all that apply.
Artyom0805 [142]

Answer:

E.  They are problems and resources that most people have experience with or can relate to.

Explanation:

  • Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.
  • They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.
4 0
2 years ago
Describe how human desires would be met with no scarcity.
leva [86]

Answer:

Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.

Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.

7 0
3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how
galben [10]

Answer:

Annual withdraw= $143,023.66

Explanation:

Giving the following information:

Present value (PV)= $2,000,000

Number of periods (n)= 57

Interest rate (i)= 7% a year

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]

Annual withdraw= $143,023.66

6 0
3 years ago
Blue Spruce Corp. had the following transactions.
tatuchka [14]

Answer:

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

Cr Additional Paid-in Capital $6,900

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

Explanation:

Preparation of the journal entry.

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

($10,300-$8,240)

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

(1,200*$1)

Cr Additional Paid-in Capital $6,900

($8,100-$1,200)

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

($10,800-$7,560-$1,296)

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

5 0
3 years ago
Other questions:
  • Which situation exemplifies public action?
    8·1 answer
  • Your colleague anshul has to give a presentation to the whole company. what tip should you give him about managing his nerves?
    11·1 answer
  • Crystal is teaching a newly promoted supervisor how to use the company’s performance management system. The supervisor asks Crys
    8·1 answer
  • are the preserved remains of organisms, and they provide evidence to support Darwin’s theory of evolution. will give brainlyist
    5·2 answers
  • In​ ________, goals set by top managers flow down through the organization and become subgoals for each organizational area.
    6·1 answer
  • Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct l
    7·1 answer
  • A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource
    11·1 answer
  • An investment broker wants to invest up to $20,000. She can invest in two mutual funds based on their yearly average return for
    5·1 answer
  • May 31, 2018 June 30, 2018Total Assets $211,000 $209,000Total Liabilities 133,000 99,000Begin by identifying the accounting equa
    11·1 answer
  • When people refer to jobs in the public sector they are referring to jobs with:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!