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Elden [556K]
3 years ago
12

Bob is hired by Carol to collect outstanding balances owed to her by her customers. However, Bob is not an attorney and cannot f

ile a lawsuit against those who don't pay. Bob hires Mike, who is licensed to practice law, to help him file a lawsuit against those who don't pay. What is Mike?
Business
1 answer:
Sliva [168]3 years ago
4 0

Answer:

A sub-agent

Explanation:

Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.

A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.

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Explanation: When checks are to be collected from customers of a business that are spread over a wide geographical area, a lockbox plan is employed in order to speed up the collection of checks. It involves the customers dropping their checks in the lock boxes rather than mailing it to the business thus, the use of lockboxes help reduce mail float.

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Which of these is not a result of regular exercise?
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B) causing your heart to wear out faster
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4 years ago
Under common law, most property issues can be settled by who has a good title. Explain why such traditional characteristics of p
Rom4ik [11]

Answer:

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the Uniform Commercial Code (UCC), a standardized collection of guidelines that govern the law of commercial transactions.

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3 years ago
Radoski Corporation's bonds make an annual coupon interest payment of 7.35% every year. The bonds have a par value of $1,000, a
gtnhenbr [62]

Answer:

YTM = 0.6940%

Explanation:

THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.

The formula would go as:

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n is the time period, maturity period

Given,

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