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Dominik [7]
3 years ago
7

A line cook at a restaurant was inspired to become a chef, but he lacked the necessary training. The line cook asked the chef at

the restaurant if he could borrow $2,400 to take a professional cooking class. The chef agreed in a writing signed by both parties to loan him the money, provided that the line cook repaid her $200 each month for a year, beginning when the six-month class was over. The line cook made the first payment, but then missed the next two payments. The chef brought an action against the line cook prior to the time the fourth payment was due. How much is the chef entitled to in a judgment against the line cook?
Answers:
A. Nothing, because the entire loan amount was not yet due.
B. $400
C. $600
D. $2,400
Business
1 answer:
sammy [17]3 years ago
6 0

Answer:

The answer is "Option B".

Explanation:

In the event of an infringement, unless the sole remaining performing duties are the violating duties of a Party as well as the fee by payments which are not mutually related, this same violation of – anti shall result throughout the infringement, whether in followed or accompanied by either a condemnation, not leading to a legal claim in full or partial contravening. Another claim for part-infringement damages is for compensation based only on the portion of the residual music rights of the wounded person. Here the cook only has the right to judge the amount due to the line cook after 2 months of payment.

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In a defined benefits plan, the employer bears the investment risks in funding a future retirement income benefit. true false
yanalaym [24]

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Who bears the chance in defined benefits plan?

defined benefits plan also are known as pension plans. Employers sponsor defined benefit plans and promise the plan's investments will provide you with a specified monthly gain at retirement. The employer bears the funding dangers.

What's a defined benefits plan?

An organization-subsidized retirement plan wherein employee benefits are taken care of out based on a system the use of factors which includes income history and length of employment.

What's the risk of defined benefits plan?

Word that pension danger arises handiest with defined benefits plan. A defined-advantage 401-k plan promises to pay a particular (defined) gain to retired employees. to fulfill this obligation, the organization ought to invest wisely so that it has the finances to pay the promised advantages.

Who benefits most from a defined benefits plan?

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7 0
2 years ago
A bond's ______ is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A bond issuer is said to
blondinia [14]

Answer:

Maturity value; Default; Sinking fund provision; Call provision.

Explanation:

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8 0
3 years ago
If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is e
kompoz [17]

If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is experiencing a Trade deficit.

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8 0
1 year ago
How much does a pediatrician make in a month?
Sati [7]
 they make  135000 a month

3 0
2 years ago
Gullett corporation had $44,000 of raw materials on hand on november 1. during the month, the corporation purchased an additiona
Zina [86]

Answer:

Dr Raw materials $93,000

Cr Accounts payable $93,000

Explanation:

Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:

Dr Raw materials $93,000

Cr Accounts payable $93,000

(To record purchase of raw materials)

4 0
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