1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
11

Maddie enters into a secured consumer debt transaction with Friendly Bank. When Maddie pays the loan in full, Friendly Bank is r

equired to file a statement indicating that it no longer claims a secured interest in the collateral. This statement must be filed within one month from the date the debt is fully paid.
A. True
B. False
Business
1 answer:
lubasha [3.4K]3 years ago
3 0

Answer:

true

Explanation:

Before Friendly Bank handed out the loan to Maddie, it had to perfect an interest on the collateral or security of the loan, and it did it by filing a Form UCC-1.

After the loan is repaid, the bank's interest on the security ceases to exist and it must file a UCC termination statement notifying that the collateral is "free and clear".

You might be interested in
Flounder Corporation reported net income of $331,840 in 2020 and had 186,000 shares of common stock outstanding throughout the y
m_a_m_a [10]

Answer:

Diluted earnings per share is $1.7 per share

Explanation:

The number of diluted  shares from the options is calculated thus

Total number of shares from options                                     34,500      

Actual number of shares that can be purchased

(options shares*option price/share market price)

(34,500*$11/$15)                                                                        (25,300)

Diluted shares                                                                           9,200

Diluted earnings per share=net income/(outstanding common stock + diluted common stock)

net income is $331,840

outstanding common stock is 186,000

diluted common stock is 9200

diluted earnings per share=$331,840/(186,000+9200)

                                            =$1.7 per share

3 0
3 years ago
when an account holder uses a debit card to pay for a purchase at the point of sale, a. money is immediately taken out of the ch
larisa86 [58]
<span>c. money is deducted from the balance on the debit card.</span>
7 0
3 years ago
What would you do if you were in the position of the business executives described in the “gift giving and the african elder” ca
lubasha [3.4K]
The business executives were further complicating a situation that was even that complicated to begin with. Tribal elder or not, the business executives were informed that the man was a tribal elder, thus following through with the gift giving customs. This type of act walks hand and hand with the philosophy behind sending something a card. This act should be seen as an act of respect and continued growth, nothing more. This gift should not have been foreseen as an unethical compromise of any <span>kind, but rather a token of appreciation.

FOUND BY: </span>https://www.coursehero.com/file/7010504/Session-8-Discussion-Copy/
3 0
3 years ago
What is true about contemporary Indian Economy
tekilochka [14]

Answer:

There is a great scope for its growth in the future.

Hope this helps.

8 0
3 years ago
On the day of the virginia primary election, umuc news club organized an exit poll at three polling stations were randomly selec
jolli1 [7]
This type of sampling method is called cluster sampling. With cluster sampling, the researcher divides the population into distinct group so called clusters. Then, a simple random sample of clusters is particular from the population. The researcher conducts his investigation on data from the sampled clusters. Paralleled to simple random sampling and stratified sampling, cluster sampling has advantages and disadvantages. For example, given equal sample sizes, cluster sampling usually makes available less precision than either simple random sampling or stratified sampling. On the other hand, if travel costs between clusters are high, cluster sampling may be further cost-effective than the other methods.
7 0
3 years ago
Other questions:
  • According to the rule of 72, if the GDP of the Apex Federation is growing at 1.7% per year, its economy will double in approxima
    6·1 answer
  • True or false the texas legislature is classified as highly professional, the highest level of institutionalization.
    15·1 answer
  • Judith puts $5000 into an investment account with interest compounded continuously. which approximate annual rate is needed for
    13·1 answer
  • On September 1, 2021, Middleton Corp. lends cash and accepts a $4,000 note receivable that offers 10% interest and is due in six
    14·2 answers
  • From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify t
    15·1 answer
  • The role of a labor union is to
    7·2 answers
  • Kemala is a factory worker in Indonesia, where she earns the equivalent of roughly U.S$1 per hour producing T-shirts to export t
    14·1 answer
  • What is the value of (123)°?​
    6·1 answer
  • BRAINLIEST !!what are your thoughts on Sam and Bud Walton?
    7·1 answer
  • The seller agrees to sell the house to the buyer for $100,000. The buyer is unable to qualify for a mortgage loan for this amoun
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!