Answer:
. No, he has not proven he is financially responsible with money previously borrowed.
Explanation:
Dwayne is a high-risk customer.
Most lenders will want to stay away for customers who are perceived as high-risk. A high-risk customer is one whose probability of defaulting on a loan is above the market average.
Dwayne has missed loan repayments in the recent past. Banks interplate this as an indicator that he is highly likely to default on future loan repayments.
For Dwayne to qualify for a loan, he has to improve his credit score. He can do that by prompt repayments of debts. He has to find out why he is missing or getting late in meeting his obligations. Most likely, he is taking loans for the wrong reasons.
Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
Answer:
Ramon’s basis in the stock he receives in his corporation is $84,000
Explanation:
The computation of Ramon’s basis in the stock received in his corporation would be $84,000 as this amount reflect the adjusted basis of the assets transferred to the corporation.
These assets include inventory, building, and land. So, the total amount of the total assets would be received i.e based on an adjusted basis, not the fair market value
Answer:
planning
Explanation:
In this scenario it seems that Amy is demonstrating the planning part of the managerial functions. This part focuses on creating the plans and processes needed in order to be able to meet all of the company goals and objectives. In this scenario, by stating the actions that she thinks would better the company, she is letting everyone know her plan, therefore she is demonstrating the planning function.
