Answer:
Non-Discretionary Expenses means payments made to third parties on account of: (a) mandatory payments of monthly debt service (but not payment of principal or interest at or after maturity) required under Loan Documents evidencing debt of the Venture or any Subsidiaries; (b) Emergency Expenses; (c) other non-
Explanation:
Answer:
b. Hold the tires with reasonable care for disposition as the seller instructs.
Explanation:
When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.
1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.
2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.
The seller still has the opportunity to meet the contract standard and close the deal.
So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.
Answer:
Corporate earnings are subject to double taxation.
Explanation:
A corporation can be defined as a business that is owned by its shareholders. These various shareholders have the responsibility of putting in place board of directors to supervise the daily activities of the organization.
The ownership of a corporation by shareholders is fully represented by their shares of stock.
Corporate form of business organization assures the owners of their personal asset protection. Various organisations operating in a corporate form find it easier to borrow money, this provides a wide opportunity for the growth of the company.