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uranmaximum [27]
3 years ago
12

13. Roy, the owner of Standard Business Company (SBC), sells SBC to Tim for a note payable to Roy for $100,000. Tim does not pay

the note and files for bankruptcy under Chapter 7. The debt represented by the note is b. dischargeable if $100,000 now seems to be a high price for SBC. d. dischargeable under any circumstances. a. not dischargeable if Tim concealed assets to defraud Roy. c. not dischargeable under any circumstances.
Business
1 answer:
Gelneren [198K]3 years ago
8 0

Answer:not dischargeable if Tim concealed asset to defraud Roy

Explanation:

A bankruptcy is a legal means for a debtor used by the court to relieve him of his debts obligations when he his unable to fulfill it's debt obligations payment.

However finding out that the value of a contract initial agreed was overpriced will not make the debt dischargeable nor dischargeable in any circumstances unless it's proven that the debtors is unable to pay his debt.

The debt will equally not be dischargeable if it's found that the debtors has concealed items to defraud the creditor and it's equally dischargeable in some circumstances particularly when the debtors is unable to pay.

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Determine which of the items below would show up on a monthly bank statement. (Check all that apply.)
djverab [1.8K]

Answer:

Deposits and other credits increasing the account during the period.

End-of-period balance in the account.

Beginning-of-period balance in the account.

Checks and other debits decreasing the account during the period.

Explanation:

A bank's monthly statement may be described as document showing transaction details which occurred on a bank account during a specified period of time. The monthly statement will include balance or amount in the account at the beginning of the period. The record of deposits and inflow of funds or credits in the account. The monthly statement will also include outflow, which are withdrawals and debits occurring on the account at the specified period of time. Also, the statement will include the balance at the end of the specified period of time.

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3 years ago
A ____________ is an intermediary who sells hope springs's bottled water to retailers such as the coffee collective.
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In 2013, the market price for a 3,000 square foot home in south tampa, florida was $350,000 and 358 new homes were built. in 201
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Answer would be .24, according to my "calculations"
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3 years ago
Suppose that you just purchased 150 shares of XYZ stock for $60 per share. a. If the initial margin requirement is 71.00%, how m
Kisachek [45]

Answer:

$2,610

Explanation:

Calculation for how much money you must borrow.

Using this formula

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Let plug in the formula

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Answer:

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