$500 Balance Assist - Bank of America customers can now borrow up to $500 (in increments of $100) for a $5 flat fee, regardless of the amount advanced to their account, thanks to this new short-term, low-cost loan.
<h3>Persuades bank of America to loan money?</h3>
Collateral Promise to Pay Another's Debt - In order to be enforceable, debt surety or guarantee arrangements must be in writing. These documents serve as evidence of a pledge to pay back a loan.
- This includes scenarios in which business owners guarantee their company's debts.
- Jennifer persuades bank of America to loan money to her friend by orally agreeing to guarantee the loan, in exchange the friend promises to give her 50% ownership in the company that she establishes with the loan Sales of products valued at $500 or more are covered by the UCC's rules. Any contract for the sale of goods for $500 or more must be in writing in order to be enforceable under the UCC. Any such agreement may only be modified in writing.
- Generally speaking, the person being enforced upon must sign the agreement. A handwritten agreement or a mark, seal, stamp, or electronic signature can all be considered signatures. Even though it is not signed by the other merchant, a confirmation of the contract made by one merchant that is accepted by the other merchant will be considered sufficient between merchants.
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Answer:
b)Loan payment on a new car
Explanation:
These are the options for the question;
a)Dining out at local restaurants
b)Loan payment on a new car
c)Expenses for new clothes
d)Postponing a purchase for a big-screen TV
Expenses in finance is the cost incurred or an ouflow of cash in order to get a value back such as money spent on rent, feeding, buying new cloth and others. Expenses could be classified as Variable, fixed, operating, non-operating However, Expenses can be adjusted.
All the listed Expenses can be be easily adjusted except loan payment on a new car because, the loan payment on the new car is expenses inform of interest and can be classified as "non-operating"expense and doesn't go with the main activities like other expenses, so it must be deducted at agreed period.hence,it can be difficult to adjust.
Answer:
In terms of knowledge, it is more important because you have to be knowledgeable to handle situation. Whereas, professional education help you in think big and broad not shallow, in order to be an hero to over situations in life. THE relationship between them is to be professional and your have to be knowledgeable.
In informational feedback, the receiver provides non-valuative information to the communicator.
Feedback in the context of communication refers to a reaction from the recipient that informs the communicator of the message's effectiveness and whether it needs to be amended.
Alternatively said, feedback is the message's reception by the recipient
Corrective feedback is when the receiver challenges the initial communication in response to informational feedback, which is when the receiver provides non-evaluative information to the communicator.
Reinforcing feedback occurs when the recipient expresses explicitly that she has understood the message and its goals.
Hence, in informational feedback, the receiver provides non-valuative information to the communicator.
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For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.
<h3>What is a mortgage loan?</h3>
A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.
Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.
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