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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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Compared to _____% in 1977, the labor force participation rate for men is now approximately ______% and is expected to decrease
blsea [12.9K]

Answer: 59; 53; 52

Explanation: Compared to 59% in 1977, the labor force participation rate for men is now approximately 53% and is expected to decrease through 2024 to 52%.

6 0
2 years ago
Select the correct texts in the passage.
saw5 [17]

Answer:

All of the given actions will certainly and definitely lead towards customer satisfaction except "letting a call last as long as possible to avoid other calls".

Explanation:

As Roberta is a customer service representative at a car rental company, she needs to understand, be empathetic, cooperative, considerate, polite and friendly with her customers in all cases all the time.

All of the actions;

Answering customer call promptly (Ultimately resulting in happy and satisfied customers, because customers will have to bear less time to waiting in queues because she can answer and handle as many as call as she can in a less time, consequently, more calls resulting in more number of satisfied customers)

Addressing customers with their names (Here, customer feel that company remembers them and take care of them, it gives a feeling that company knows them personally, therefore, they will more easy and thus satisfied at the end.

Resolving customer complaints in record time (She was awarded with customer service award because she resolved customer complaints in a record time. She got the award because she took very less time in handling and solving customer complaints, therefore more satisfied customers)

Going on a vacation (it will surely lead towards customer satisfaction (It will certainly and definitely leads towards having work-life balance; she will have a break and time to relax. When she will come back from the vacations, she will altogether be with a more focused and fresh mind, consequently, handling customers more efficiently and effectively)  

Except

Letting a call last as long as possible to avoid other calls (because customers have to bear more wait for their turn, staying more time in waiting, will undoubtedly, make them frustrated) might make them unsatisfied.

3 0
3 years ago
Brief Exercise 12-8 have a carrying Ayayai Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill
blsea [12.9K]

Answer:

Explanation:

Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded

The journal entry to record the impairment of the goodwill is shown below:

Loss on impairment A/c Dr $30,000

                       To Goodwill A/c $30,000

(Being loss on impairment is recorded)

The computation is shown below:

= Carrying value - fair value  

= $300,000 - $270,000

= $30,000

4 0
3 years ago
Direct costs typically include the cost of direct labor as well as other direct costs for items such as material, travel, subcon
borishaifa [10]

Answer:

True

Explanation:

The direct cost is that cost which is directly related to the manufacturing process of the product or the production process of the product

The example of the direct cost involves direct material cost, direct labor cost, supplies cost of manufacturing, travel, subcontracts, computer time, etc

Hence, the given statement is true.

8 0
3 years ago
Which events listed below would terminate a brokerage relationship where a broker represented a seller
sertanlavr [38]

The events listed that would terminate a brokerage relationship where a broker represented a seller are:

  • The house sold and the transaction closed
  • The owner declares personal bankruptcy

<h3>Who is a broker?</h3>

Broker is a person or a company whose work is to sell a company's products hence charge a commission for each product sold. He is like an intermediator between the company and the client.

An agency relationship creates a fiduciary duty owed by the agent to the principal, hence must act in the best interest of his principal at all times.

However, a brokerage relationship may be dissolved where the owner of an item is declared bankruptcy and also were transaction have been completed or closed.

Learn more about brokerage here: brainly.com/question/7284696

#SPJ1

5 0
1 year ago
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