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
maxonik [38]
3 years ago
10

Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe

ns to the loan?
Business
2 answers:
laila [671]3 years ago
7 0

Answer:

A - Mike must pay the full monthly payment

Explanation:

iren [92.7K]3 years ago
4 0
<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
You might be interested in
Coolsavings.com is one of the largest on-line distributors of in-store coupons, sales announcements, and mail-in rebates offered
givi [52]

Answer:

a. social

Explanation:

Social trends are the trends and habits of the consumers which they tend to display any product. It includes the data and information about the behavior of the customers and their communication related to the product they purchase. The trends of the consumers help the business to flourish more effectively among the consumers.

8 0
2 years ago
Dozier and his wife, daughter, and grandson lived in the house Dozier owned. At the request of the daughter and grandson, Pascha
liubo4ka [24]

Answer: Yes

Explanation: In the above case, a quasi-contract was formed. This is when a bilateral contract is not in place but one party will enjoy the benefit of the activities of the other party and may be enriched  by it.  

A bilateral agreement is the exchange of a promise for another and in this case would have been, the promise that Dozier would pay for Paschall’s work. This was not established, however, Dozier will benefit from Paschall’s work unduly if he does not pay for the improvements. The law holds that he has to pay for Paschall’s work to prevent being unjustly enriched.

6 0
3 years ago
First, regardless of the strategy, _____ storage and _____ storage must be secured.
shepuryov [24]

Answer:

The correct answer is offsite and onsite.

Explanation:

When implementing Business Continuity the preservation of company data comes first.

Business Continuity Plan/Strategies are those measures that a company puts in place to ensure that regardless of the threat, and or disruption to the existing model that allows them to provide goods or services, (e.g. tsunamis or earthquakes, riots and civil unrests, compulsory government curfew) they can continue to function, reach their customers and remain operational.

The first rule of Business Continuity Plan is to protect all information assets. Off-site data or information refer to those information and or data that are remotely stored. That is, they are secured far away from the physical location of the business such as a data or server farm, cloud storage etc.

Onsite data storage refers to storing data on the premises or site of the business. Some fo the tools used are Hard Disk Drivers, Solid State Drives, DVDs etc.

Cheers!

3 0
2 years ago
Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. T
Gala2k [10]

Answer:

$10,070

Explanation:

The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.

Reviewing the transactions,

  • bank service charges of $50 - This will be deducted from the book balance
  • Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance

Hence the true cash balance

= $9,120 - $50 + $940 + $60

= $10,070

3 0
3 years ago
The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, and 17.5%. Using the e
Alja [10]

Answer:

Explanation:

interest rates on a three-year bond =(int in year1+int in year2+int in year3)/n =  (3+4.5+6)/3 =4.8%

interest rates on a six-year bond = (3%+4.5%+6% +7.5%+ 9%+ 10.5%)/6 = 7.35%

interest rates on a nine-year bond = (3%+4.5%+ 6%+ 7.5%+ 9%+ 10.5%+ 13%+ 14.5%+16%)/9 =10.23%

So, int rate on a 3 year bond is 4.8%; on a 6 year bond is 7.35%; on a 9 year bond 10.23%

5 0
3 years ago
Other questions:
  • A salesman receives a fixed salary of $500 per week. In addition he is paid 12% of all sales over $1000. Write the formula that
    5·1 answer
  • Among game birds popular with American consumers, _______ is by far the most commonly consumed. 
    14·2 answers
  • Which four ethical norms are often used by companies to help individuals make ethical decisions?
    8·2 answers
  • Roger wants to show the chronological steps in the process of applying for college grant. which type of visual aid would work be
    13·1 answer
  • Sharon fell while making an inspection of a machine at work and in the fall, she broke her arm. can she collect workers' compens
    10·1 answer
  • Bailey, a single taxpayer, obtains permission to change from a calendar year to a fiscal year ending June 30, 2019. During the s
    10·1 answer
  • PRICE/EARNINGS RATIO A company has an EPS of $2.40, a book value per share of $21.84, and a market/book ratio of 2.73. What is i
    7·1 answer
  • What is the impact on the non-controlling interest of a subsidiary when there are downstream transfers of inventory between the
    15·1 answer
  • During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021.
    11·1 answer
  • You buy a security that will pay you $500 in 1 year. You pay $455 today. If you hold this security to maturity, your yield to ma
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!