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Oksi-84 [34.3K]
3 years ago
12

Which of the following is TRUE about a promissory note? It makes the borrower personally liable for the debt. It may not be exec

uted in connection with a real estate loan. It is an agreement to perform or not to perform certain acts. It is a guarantee by a government agency.
Business
1 answer:
Step2247 [10]3 years ago
8 0

Answer:

It makes the borrower personally liable for the debt.

Explanation:

A promissory note sometimes referred to as a note payable, is a legal instrument or financial instrument in which one party (maker or issuer) promises in writing to pay a determinate or definite sum of money to the other (the payee) either at a specified or determinable future time or on demand of the payee under specific terms.

It allows companies and individuals to get financing from a source other than a bank. This source can be an individual or a company willing to carry the note and provide the financing under agreed upon terms.

It typically contains all the terms pertaining to indebtedness, such as:

* Principal amount

* Interest rate

* Maturity date

* Date and place of issuance, and,

* Signatures.

One's promissory note could include a personal guarantee and once you sign, you are personally responsible for the loan.

Negotiable promissory notes also called mortgage notes are used extensively in financing of real estate transactions.

A promissory note is an agreement to perform certain acts for financing.

A promissory note is not a guarantee from government agencies but guarantee may be extended in some cases.

Therefore the option that best suits this question is option A, it makes the borrower personally liable for the debt.

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Colt1911 [192]

Answer:

A broker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.

Explanation:

A broker refers to an individual or business firm that is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.

Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.

Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).

5 0
3 years ago
The following exchange demonstrates which problem solving technique?
Klio2033 [76]

Answer:

a. Fishbone Diagram

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem.

2. Gathering of information.

3. Consider your options.

4. Weigh disadvantages and evaluate a solution.

A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.

Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).

Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.

3 0
3 years ago
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mamaluj [8]
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Options:

A. Independent processing

B. Surrogate Interaction

C. Direct interaction

D. Resource processing

E. Process domain Interaction.

Answer:B. Surrogate Interaction

Explanation:

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