Answer: The lender
Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.
<u>Answer:</u> Option C
<u>Explanation:</u>
The applicant might not possess the skills required to do the job or he may not be able to meet the number of working hours required by the company. In this case the employer is not under pressure to recruit that employee. Employer cannot reject any applicant for the reason of applicant's disability, age as 55 years or based on the nationality.
Labor standard act needs to be meet by the employer to hire legally or the employer will have to face the legal consequences.
Answer:
The answer is D.
Explanation:
Sinking funds require the issuer(borrower) to set aside assets at specified amounts to retire the bonds at maturity. Sinking fund helps the issuer to secure a bond with lower yield.
An agreed amount is deposited at an agreed period (e.g yearly) so as to pay of the par value or principal value at maturity.
