Since this has to do with a debt that has been disputed by you, the number of days you have to send this letter is 30 days.
<h3>How Many Days Are Required to Send a Debt Dispute Letter?</h3>
Following the receipt of a phone call from a debt collector concerning a debt that has been disputed, the next action you must take is to write the debt collector a letter within 30 days after the initial contact.
After then, the debt collector must stop all collection attempts until the appropriate verification is acquired.
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Answer:
$8,760
Explanation:
The movement in the warranty payable account balance over a period is as a result of the additional warranty expenses payable due to sales and the amount paid as warranty expense during the period.
Given that State Street Digital estimates warranty expense at 4 % of sales, the Warranty Expense for the year
= 4% * $219,000
= $8,760
Answer:
Ross' recognized gain or loss is $3,000
Ross' basis for the new residence is $125,000
Explanation:
check the picture attached below for explanation
In legislature, any consequences of legislation enacted to cancel budget authority previously provided by Congress before the time when the authority would otherwise lapse is called a rescission.
<h3>What do we need to understand about
rescission?</h3>
In legal term, a rescission refers to when a contract is rendered null and void, and so is no longer recognized as legally binding. As such, the ruling courts can free the non-liable parties from their agreed obligations and will effectively seek to restore them to the position they were in before the contract was signed.
In contract law, a rescission can always occur when there is a material error in the contract, evidence of fraud, a lack of legal or mental capacity as well as other applicable circumstances.
In a typical court, the rescission is seen as an equitable remedy and is discretionary and a synonym for termination at law. A ruling court may decline to rescind a contract if one party has affirmed the contract by his action or a third party has acquired some rights or there has been substantial performance in implementing the contract.
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