Answer:
It must be written in English
Explanation:
The conditions that makes a draft a negotiable instrument does not contain that it must be written in English.
The conditions include the following:
1. The order should be unconditional
2. It must be a fixed amount
3. It has to be 'payable to bearer' or 'payable to order
'
4. It has to be 'payable on demand' or at a definite time,
5. Must be a signed writing ordering payment of money
Suing the title company for failing to include the fence in its exception list.
What happens when a title has a flaw?
The title agent starts a remediation process to fix title defects and make the title clear and free when they are found. Some clouds on title can be fixed quickly, like mistakes in public records, but others may take more research, time, and even legal action to fix.
On a title policy, what is a Schedule of Exceptions?
Almost no title insurance policy covers every possible scenario. The Schedule of Exceptions, as the name suggests, is a specific list of things that aren't covered. These things can be things like unrecorded mechanic's liens, assessments, water rights, and mining claims.
Learn more about legal action here:
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Answer:
Free cash flow for year 1 = -$1m
Explanation:
Lets first understand what free cash flow is. Free cash flow is the cash generated by a business that is freely available for distribution to all investors after having met all the immediate obligations, investment in non-current assets and investment in working capital. Since it's cash flows we have to add back non-cash items such as depreciation and amortization.
The question is asking for free cash flow for year 1 therefore we take data for the year 1 as follows:
Free cash flow for year 1 = $5m + $2m - $6m - $2m
Free cash flow for year 1 = -$1m
Seems entity has net cash outflows that's why the cash flows are negative.
Answer:
Income statement will have an increased expense of $4.8 million and Revenue and cost of goods sold will decrease. In balance sheet the inventory will be decreased by the amount of crib toy inventory available.
Explanation:
Income Statement will show an expense of $4.8 million in this period as the cost of recall of inventory due to health hazard. Also sales and cost of goods sold will decrease by the amount of sales of crib toy in sales and by the amount of crib toys cost in cost of goods sold and will ultimately result in decrease in a gross profit of a company.
In the Balance Sheet the amount of Inventory will be decreased by the amount of crib toys available in stock.
Answer:
$1585
Explanation:
Interest for the first year = 6.5% of principal due at the beginning of the year
= 6.5% of $10,000
= $ 650
Principal repayment at the end of the year = $1000
Principal due at the beginning of the second year = $10,000 - $1000= $9000
Interest payable at the end of the second year = 6.5% of principal outstanding at the beginning of the second year = 6.5% of 9000
= $ 585
Principal repayment at the end of the second year = $1000
Hence total payment at the end of the second year = $1000 + $585= $1585