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almond37 [142]
3 years ago
15

A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.

Business
1 answer:
Gre4nikov [31]3 years ago
3 0
A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.
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Ruby, age 50, is considering going back to school. She would like to retire at age 67. She currently earns $50,000 per year. If
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Answer:

Ruby should go to college.

Explanation:

Ruby is currently 50 years old and earning $50,000 per year.  

She would like to retire at 67.  

She is thinking of going back to college, to complete a graduate degree.

After completing a graduate degree from the college she would earn $55,000.

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The increase in income earned after college until retirement

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= $85,000

Since the increase in income is greater than the cost of going to college, Ruby should go to college.

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Which of the following is considered risk?
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Answer: Lucy can sue Andrew as she is a donee beneficiary of the contract

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