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fenix001 [56]
3 years ago
5

William buys a house for $500,000 from Keith Geller through a realtor. He makes a down payment of $200,000. He borrows the rest

from Smith and Sons, a lending firm, and places his new house as collateral for the loan. Who is the creditor in this case?
A) William
B) Keith Geller
C) Smith and Sons
D) the realtor
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

Option C Smith and Sons

Explanation:

The reason is that the person who lends the money is a lender or creditor, whereas the person who borrows money from the creditor is a debtor or a borrower. In this case, William borrowed money so he is the debtor and the person who lend money to William are Smith and Sons, so Smith & Sons are the creditor in this case.

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A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev
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Answer:

B) raw material exporting

Explanation:

Based on the information provided within the question it can be said that this country most likely has a raw material exporting economy. This is a type of economy that focuses mainly on exporting and trading the raw materials which it's host country is rich in. This allows them to make money and import more necessary things that the country needs but can't produce.

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3 years ago
Each of the four major professional men's team sport leagues in the United States earn at least $1 billion annually through e-co
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A huge amount of money is made in sports revenue through e-commerce and the information illustrated about the four teams is true.

Electronic commerce simply means the buying and selling of goods or services through the transmission of funds over the internet.

In the national football league, about $13 billion is generated through electronic commerce. Each of the four major professional men's team sport leagues in the United States earn at least $1 billion annually through e-commerce. These include the Dallas cowboys, New York Yankees, etc.

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3 years ago
Eloise wants to find out if it would be possible to change the whole layout of the office to improve creativity. What type of re
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D-Feasibility report makes the most sense.
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Kelsey owns a cottage in which her aunt Matilda lives. Kelsey wants to insure that Matilda can live in the cottage for the remai
Inessa [10]

Answer:

Kelsey owns a cottage in which her aunt Matilda lives.  

Kelsey wants to insure that Matilda can live in the cottage for the remainder of her life, but when Matilda dies, title to the property will return to Kelsey.

Kelsey can accomplish this objective by granting Matilda a Drag and Drop the appropriate terms into the spaces provided

A life tenant has the OBLIGATION to keep the property in good repair and to pay property taxes.

The two types of CURRENT ownership are tenancy in common and joint tenancy.  

Concurrent ownership MENTIONATED can also be held in a tenancy by the entirety or as community property.

In most states, it is PRESUMED that a co-tenancy is a tenancy in common.

With a joint tenancy a deceased joint tenant's interest IS TRANSFERED to the surviving joint tenant or tenants.

The right of survivorship DISTINGUISHED a joint tenancy from a tenancy in common.

When a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so TERMINATED the joint tenancy.

Explanation:

Kelsey and her aunt Matilda, they made an agreement so that Matilda can usufruct the house while she lives, and when she dies she becomes Kelsey.

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3 years ago
The Theta of an option is defined as: A. expected change in the option premium for a small change in volatility. B. expected cha
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Answer: C. expected change in the option premium for a small change in time to expiration

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