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
galben [10]
3 years ago
9

Violet negotiates with Urban Credit Corporation to obtain a loan for $85,000 to buy a home. During the negotiations, Urban Credi

t orally misrepresents the terms, but provides the required documents, which accurately state the terms. Violet does not read the documents. The party or parties most likely liable for a violation of the law is
A. neither party.
B. Urban Credit.
C. Urban Credit and Violet.
D. Violet.
Business
1 answer:
Andrei [34K]3 years ago
6 0

Answer:

A. Neither party

Explanation:

none of the parties are liable for a violation of the law as both parties have their faults.

Oral misrepresentation on the part of Urban credit is not exactly good enough in its presentation but then the documents provided for Violet states the terms correctly but that violet doesn't read as a result of negligence or agreement to the misrepresented information.

Whatevr it is, no laws have been violated and so there is no case.

Cheers.

You might be interested in
According to liquidity preference theory investment spending would rise if the price level
ANTONII [103]

Answer:

A.rose making the interest rate fall

Explanation:

According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.

The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.

4 0
3 years ago
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the less
Nina [5.8K]
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is Earth Movers, Inc. <span>A </span>lessee is the person who rents land or property from a lessor. A lessor on the other hand is <span>A </span><span>lessor </span><span>is </span>the party who rents property to another party<span>. Bram is the lessor in this situation.</span>
5 0
2 years ago
Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra
Gnom [1K]

Answer:

Product warrant liability to be reported as on 31.12.2021* is $3.124

<em>*The procedures are attached in a microsof excel document. </em>

Explanation:

This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.

Download xlsx
6 0
3 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>

8 0
3 years ago
On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
cluponka [151]

Answer:

Interest expense    18,284.17  debit

Premium on BP        1,965.83 debit

        Cash                                 20,250 credit

Explanation:

procceds 461,795

face value 450,000

premium on bonds payable 11,795

As the cash received exceed the face value then, the bonds were isued at premium.

This will be amortized over the bonds life

3-year bonds with semiannual payment: 6 payment in total

amortization per payment:

11,795 / 6 = 1.965,83

The will post:

the cash disbursement in favor of the bondholder:

450,000 x 9%/2 =  20,250

amortization             (1,965.83)

interest expense:    18.284,17‬

3 0
3 years ago
Read 2 more answers
Other questions:
  • An inexperienced accountant for Ayayai Corp. showed the following in the income statement: income before income taxes $250,000 a
    7·1 answer
  • North Around, Inc. stock is expected to return 22 percent in a boom, 13 percent in a normal economy, and −15 percent in a recess
    11·1 answer
  • "Free" items only cost the company that gives them away.<br> O A.<br> True<br> OB. False
    11·2 answers
  • When the price of milk goes up, demand does not fall significantly, because people still need to buy milk. However, if the price
    11·1 answer
  • Which of the following budgets is not a budget that a manufacturer would include in its master budget?
    12·1 answer
  • wants to use the capital retention approach to determine how much life insurance to purchase. Robert would like to provide $35,0
    12·1 answer
  • Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The
    5·1 answer
  • purchased decorating machine for $430,000 on January 1, 2020. depreciates machines of this type by the straight-line method over
    12·1 answer
  • You own a portfolio that has $1,720 invested in Stock A and $3,470 invested in Stock B. The expected returns on these stocks are
    12·1 answer
  • Lynn Ally, owner of a local Subway shop, loaned $51,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!