Answer:
Promissory agreement and Deed of trust.
Explanation:
In this scenario, Seller Dayne was made aware by the trustee that the lender was wanting to proceed with foreclosure on his property. The type of financial agreement that Seller Dayne have with this lender is a Promissory agreement and Deed of trust.
A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.
On the other hand, a deed of trust can be defined as a legal document used by a party (borrower) to pledge his or her property to another party (lender) as guarantee or collateral for the repayment of a loan. The deed of trust is typically made up of three (3) parties; the lender, borrower and a trustee.
Additionally, a foreclosure on a property refers to a legal procedure whereby the property being pledged by a borrower for a debt is sold to pay off the debt as a result of defaulting in payments or terms with respect to a loan.
Answer:
Business exceptions
Explanation:
Policy and standards often change as a result of business drivers. One such driver, known as business exceptions, occurs when business shifts and new systems or processes are incorporated.
Answer:
Debit Bank $15,120 Credit Notes receivable $14,000 Credit Interest income $1,120
Explanation:
The Credit memo is a document to explain or support the repayment of the loan.
Answer:
The correct answer is letter "C": senator B.
Explanation:
Aggregate data is information obtained out of different variables that are compiled into a single study to give an idea of what the change was in the matter involving those variables throughout a period. Aggregate data aims to portrait information of interest to the general public which is usually expressed in numeric values or rates.
Thus, <em>by talking about the inflation rate change, Senator B is using aggregate data.</em>
The answers are B and D. Every year the US government provides financial aid for college or career school. In order to qualify for this a FAFSA should be completed. FAFSA is used as a basis in determining how much you need financial aid thus it should be clear in the FAFSA that you really need it. In applying for Federal Work-study program, the FAFSA is used to see if you are qualified.
