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Rama09 [41]
3 years ago
8

Loren files a suit against Mabel, alleging a failure to pay for the harvest of Mabel's orchards. Mabel denies Loren's charge and

claims that Loren breached their contract to harvest a certain number of acres and owes Mabel money for the breach. Mabel's claim is ________.
Business
2 answers:
hram777 [196]3 years ago
6 0

Answer:

The answer would be a counterclaim

Explanation:

Have a nice day!!

True [87]3 years ago
4 0

Answer: COUNTERCLAIM

Explanation: Counterclaim is a term mainly used in legal matters,to refer to claim allegedly made by a defendant against the claims of an apellant. The issues concerning Loren and Mabel is a case of Counterclaim.

Counterclaim puts both persons involved in the suit in the same level,as the Court will have to review both claims and determine who is at fault or guilty and the level of Compensation required by either or both of the parties.

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Mountain High Ice Cream Company transferred $65,000 of accounts receivable to the Prudential Bank. The transfer was made with re
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Dr Cash 56,550

Dr Receivable from factor 5,500

Dr Loss on sale of receivables 6,450

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Explanation:

cash = ($65,000 x 90%) - factoring fees = $58,500 - $1,950 = $56,550

factoring fees = $65,000 x 3% = $1,950

loss on sale of receivables (includes factoring fees) = (accounts receivables + recourse liability) - (cash + receivable from factor) =  ($65,000 + $3,500) - ($56,550 + $5,500) = $68,500 - $62,050 = $6,450

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