A limited power of attorney fiduciary duty required of an agent Disclosure Care Confidentiality Accounting Obedience Contrition Loyalty.
A fiduciary relationship is a role of belief, and the agent owes the principal the obligation of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care (old automobile).
Fiduciary duty is defined by means of Black's regulation Dictionary as “an obligation of extreme precise religion, belief, confidence, and candor owed by using a fiduciary (which includes an attorney or corporate officer) to the beneficiary (which includes a lawyer's purchaser or a shareholder); a responsibility to act with the highest degree of honesty and loyalty towards any other .
fiduciary obligation to someone else, the person with the duty must act in a way in order to gain someone else, usually financially. the individual that has a fiduciary duty is known as the fiduciary, and the individual to whom the responsibility is owed is referred to as the predominant or the beneficiary.
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Answer:
The correct answer is $300,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Original cost = $250,000
Fair value = $300,000
Retail value = $520,000
As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.
Here, Fair value is given.
So, the transaction will be recorded at fair value = $300,000
Answer: C. MortgageMax may pay the counseling fees, but is prohibited from steering Jenny towards a particular counselor or allowing her to complete counseling from one of its affiliates.
Explanation:
MortgageMax is violating the law in recommending a particular counselor and recommending one of its affiliates. Lenders are not allowed to direct a loan candidate to a certain counselor in order to avoid any unfortunate situations that arise from the counselor being partial to the lender.
Lenders are also prohibited from offering the counselling via an affiliate for the same reason above. They are however, allowed to pay for the counselling.
Answer:
$4,013.10.
$3,329.54.
Explanation:
If discount rate is 8%
PV of Cash Flows :
($830 / 1.08^1) + ($1,150 / 1.08^2) + ($1,410 / 1.08^3) + ($1,550 / 1.08^4)
$768.52 + $985.94 + $1,119.30 + $1,139.30
$4,013.10
If discount rate is 16%
PV of Cash Flows :
($830 / 1.16^1) + ($1,150 / 1.16^2) + ($1,410 / 1.16^3) + ($1,550 / 1.16^4)
$715.52 + $854.64 + $903.33 + $856.05
$3,329.54.
