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3 years ago

Reuter Bank loaned Sabean Corporation $500,000 in

Business

1 answer:

hammer [34]3 years ago

4 0

Answer:

C) I, II, and III only.

I. May demand payment of the full amount immediately from the sureties when the corporation defaults on the loan.
II. May demand payment of the full amount immediately from the sureties even if Reuter does not attempt to recover any amount from the collateral.
III. May attempt to recover up to $200,000 from the collateral and the remainder from the sureties, even if the remainder is more than $300,000.

Explanation:

The bank has several options in this case, depending on the financial position and net worth of the sureties and the corporation. It can decide to collect all the debt directly from them, or collect part of the debt through the collateral property, or it can go after the assets of the corporation, or any type of combination. In this case the bank has three options from which it can collect the debt and it is up to them to decide how they proceed.

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38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the wi

Stells [14]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A lottery ticket states that you will receive $250 every year for the next ten years.

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FV= {A*[(1+i)^n-1]}/i

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3 years ago

Larry Nelson holds 1,000 shares of General Electric common stock. The annual shareholders meeting is being held soon, but as a m

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Answer:

Larry must have signed a PROXY AGREEMENT that gives the management group control over his shares.

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= 2,000 stocks x $43 = $86,000

If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth $82,560.

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3 years ago