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Leona [35]
3 years ago
13

What type of clause is inserted in a financing document when the lender agrees to waive the right to a deficiency judgement? A r

elease clause A subordination clause An exculpatory clause A specific clause
Business
2 answers:
lyudmila [28]3 years ago
6 0

Answer:

An exculpatory clause

Explanation:

Exculpatory clause requires that the lender waive the right to a deficiency judgement against the borrower. The word exculpate actually means to exonerate from guilt. It relieves the borrower of personal liability to repay the loan.

An exculpatory clause is a contract provision that relieves one party of liability if damages are caused during the execution of the contract. The party that issues the exculpatory clause is typically the one seeking to be relieved of the potential liability. For example, You go to a restaurant and decide to use the valet parking service. The ticket the valet driver gives you contains an exculpatory clause, which states that the valet company is not responsible for any loss of contents or damage that may happen to your vehicle

TiliK225 [7]3 years ago
3 0

Answer: It is called An EXCULPATORY CLAUSE

Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.

In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.

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__________help(s) employees understand the history and past actions of an organization, and make the current organizational cult
LekaFEV [45]

Answer:

The correct word for the blank space is: Stories.

Explanation:

Stories tell employees facts of the company that occurred in the past and led the organization to be positioned where it currently is. It usually includes events of how the company started, who were the initial owners, and what happened with the enterprise that allowed its success or failure.

7 0
3 years ago
Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
Over [174]

Answer:

Contribution margin per unit = $45.90

Contribution margin as sales percentage = 43.97%

Explanation:

As for the information provided we have,

Normal Sales = Normal sales per month, before the overseas order.

For such normal sales, the cost and sales data has been provided,

Selling price per unit = $104.40

Variable costs = Direct material + Direct Labor + Variable Manufacturing + Variable selling & Administrative

= $43.80 + $10.40 + $1.90 + $2.40 = $58.50

Contribution margin per unit = Selling price - Variable cost per unit = $104.40 - $58.50 = $45.90

Contribution margin as sales percentage = \frac{45.90}{104.40} \times 100 = 43.97%

5 0
3 years ago
IMC is the process of coordinating all activities performed by entities of the distribution channel to make sure that the right
hram777 [196]

Answer:

IMC

a.True

Explanation:

The coordination of all distributive activities is a just part of the integrated marketing communication that is IMC, as it tries to offer seamless consumer experience.  For instance, if  Company XYZ fails to provide the right product in the right place and at the right time for consumers, then the essence of its IMC is lost.

IMC means Integrated Marketing Communication.  It is a marketing communication approach that integrates many components for marketing communication effectiveness.  The foundation component ensures that IMC approach provides the right products in the right place and at the right time for consumers.  IMC also integrates the corporate culture, with a focus on branding and customer satisfaction.

Since IMC aims to increase sales and profits, sharpen the brand's competitive advantage, and achieve brand loyalty, it means that the goals cannot be achieved when Company XYZ's distribution channel offers empty promises by not putting the right XYZ product in the right place and at the right time for consumers.

5 0
4 years ago
If you get opportunities to have a training which one do you want to choose why​
lesya692 [45]

Answer:

water proof

Explanation:

8 0
3 years ago
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
melisa1 [442]

Answer:

Transactions included in the calculation of U.S. GDP:

Transaction C I G X M

1.  X

2. M

3.  I

4. C

5. G

Explanation:

a) GDP constituents:

Consumption (C) = private consumption expenditures by US households and non-profit-making organizations.

Investment (I) = business expenditures by profit-making organizations for purchase of capital goods or input for further processing.

Government purchases (G) = government spendings for public goods.

Exports (X) = Goods and services moved from the US to other countries.

Imports (M) = Goods and services from other countries into the US.

6 0
3 years ago
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