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Oksi-84 [34.3K]
2 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]2 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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Ethical dilemmas usually have clear right or wrong answers.<br><br> True<br> False
borishaifa [10]

The correct answer should be false.

8 0
3 years ago
​________ is the extent to which a selection tool produces consistent results over time.
shusha [124]
This answer would be reliability.
6 0
3 years ago
Which is NOT one of the similarity between projects and operations Both are Performed by Individuals Both are Limited by constra
bonufazy [111]

Answer:

Both are ongoing

Explanation:

Remember, projects do not go on forever. Rather, projects are usually marked by deadlines. However, operations are simply ongoing activities in which resources are planned, executed, monitored and controlled by individuals.

which may be constrain

A none similarity between projects and operations is that, they both are not ongoing .

5 0
3 years ago
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei
Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

6 0
3 years ago
Dublin Inc. had the following common stock record during the current calendar year: Outstanding-beginning of year 2,600,000 Addi
larisa86 [58]

Answer:

The correct answer is 3,175,300.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the number of shares by using following formula:

Number of shares = [ Outstanding + ( Additional share × Months) + ( Additional share × Months)] × 1+Dividend

By putting the value, we get

= [2,600,000 + (280,000 × 6/12) + (280,000 × 3/12)] × 1.13

= [ 2,600,000 + 140,000 + 70,000 ] × 1.13

= 3,175,300

4 0
3 years ago
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