1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexandr1967 [171]
3 years ago
8

Lester Dunbar sold to Walter Masters real property on which Charles Endicott held a first mortgage. Masters expressly assumed th

e mortgage debt. Subsequently, Masters defaulted in payment of the mortgage debt. Masters contends that Endicott must first proceed against Dunbar, the original mortgagor, because he is primarily liable for the mortgage debt. Based upon these facts, ___________.
Business
1 answer:
olga55 [171]3 years ago
8 0

Answer: Dunbar is, in fact, a surety and must satisfy the mortgage if Masters does not.

Explanation:

A surety refers to the individual who makes a promise to be responsible for the debt obligation of a borrower on a situation whereby the borrower defaults and doesn't take responsibility. The surety is also known as the guarantor.

Since Masters defaulted in payment of the mortgage debt, but contends that Dunbar, is the original mortgagor, because he is primarily liable for the mortgage debt, then Dunbar is a surety and must satisfy the mortgage if Masters does not.

You might be interested in
Barry is the branch manager of a large toy store. He has been given the responsibility to communicate with, coach, and motivate
WARRIOR [948]

Answer:

Human Skills

Explanation:

6 0
3 years ago
On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer tha
Salsk061 [2.6K]

Answer:

"Yes" will be the correct response.

Explanation:

  • The dealership has been obliged to Edward since Edward as well as Dealer had written agreements stating that somehow Edwards may acquire their motorbike on the day before the fifteenth of June.
  • The two parties offered and otherwise accepted as well as agreed in writing. That's because the contract remained valid, Dealer may be prosecuted as well for contravention.
5 0
3 years ago
John hamilton borrowed $500,000 from stone creek bank to open a new restaurant called sauce-it-up. John transferred $450,000 of
xxMikexx [17]

The appropriate reflection of the cash transactions between these reporting entities is as follows:

        John Hamilton       Sauce-it-up          Stone Creek Bank

Cash   +$500,000           $450,000             -$500,000

           -$450,000

Balance $50,000            $450,000             -$500,000

<h3>What is a reporting entity?</h3>

A reporting entity is an economic unit that publishes general purpose financial reports to enable users make and evaluate their decisions about the allocation of scarce resources.

Thus, John Hamilton's cash holding increased by $50,000 net.  The cash holding of Sauce-It-Up increased by $450,000 while the cash holding of Stone Creek Bank decreased by $500,000.

Learn more about cash flows of reporting entities at brainly.com/question/24179665

7 0
3 years ago
Zappos trains, educates, and gives its employees the knowledge to make decisions in the workplace. this philosophy is referred t
Elenna [48]
The philosophy discussed above is called enabling.
Enabling is providing workers with the education and tools they need to make decisions. Companies can empower workers by enabling them with the knowledge to make decisions that will benefit the company and satisfy the customers in the long run. This will lead to increase in profitability. 
6 0
3 years ago
A company has annual sales of $160 million, a net profit margin of 4%, and total assets of $90 million. It carries $10 million i
sasho [114]

Answer:

18.29%

Explanation:

Return on Equity is the net profit available for equity/ Total equity value.

Total equity = Total assets - Total debt

= $90 million - $55 million = $35 million

Earnings for equity = Annual sales \times net profit margin 4%

= $160 million \times 4% = 6.4 million

Therefore, return on equity = \frac{Net\ profit\ for\ equity}{Total\ value\ of\ equity}

= \frac{6.4\ million}{35\ million} \times 100 = 18.2857

Therefore, ROE = 18.29%

4 0
3 years ago
Other questions:
  • Suppose toyota manufacturing plant employs a total of 100 workers and pays a mean monthly salary of $ 5,000 to the employees in
    11·1 answer
  • Majority of teenagers in developed nations are seen either browsing the internet or listening to music on their smartphones or o
    11·1 answer
  • The amount of income that would result from an alternative use of cash is called:_______.
    12·1 answer
  • Action Shoes is a company that manufactures shoes. It has a lot of competitors in the market. However, it only builds its streng
    14·1 answer
  • Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a proc
    10·1 answer
  • Biff has just seen an ad in the paper for a new Nissan pickup truck for $15,000. He hurries to his local dealership but is disap
    5·1 answer
  • Which of the following is considered a "diversified" investment?
    14·1 answer
  • The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of ans
    10·1 answer
  • The term average means ___.
    14·1 answer
  • X Corporation and its two divisions, Domestic and Foreign, appear below:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!