Electric bill payable Liability
<h3>Is an electric bill considered a liability?</h3>
In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.
When the utility bills are paid, the liability is eliminated.
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The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.
What is power?
The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.
According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.
As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.
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Answer:
a. had major expenses in the first year.
d. Carried a large balance in the long term.
- If the borrower has major expenses in the first year, then Credit Card 1 will be a better option since it allows the borrower to repay the credit card balance without paying any finance charges. However, the borrower must repay the credit card balance by the end of the first year in order to take advantage of the introductory offer at 0% interest.
- If the borrower had a large unpaid balance over a long term, switching to credit card 1 from a previous credit card will give the borrower a chance to repay the outstanding balance. This option will be effective only if the borrower manages to repay the outstanding balance within the period the introductory offer lasts.
3. Both of you, because you both like the jeans