Answer:
The three C's are Collateral, Creditworthiness, Capacity
Explanation:
The underwriters take a risk to loan you for the mortgage for this purpose they need to verify your paperwork so as to determine your eligibility to get a mortgage, which is based on;
- Creditworthiness: It is your credit score and your account and payment history. It also includes your previous loans and purchases.
- Capacity: It is a check on your ability to repay the loan. It is basically a debt-to-income ratio. The lender goes through your salary, income, expenditure and debts to confirm that you can actually repay the loan.
- Collateral: Literally it means an asset of the borrower kept by the lender as a security of safe return of the loan. in case of house mortgage collateral is mostly 20% down payment of the mortgage being received. If the borrower fails to repay the loan the lender seizes collateral to recover the loss.
Service Revenue.................................65000
Rent Revenue..........................................6000
To Income Summary.....................................................71000
Income Summary..........................78900
To Depreciation Expense..............................................7000
To Salaries Expense.......................................................56400
To Utilitites Expense.........................................................15500
Retained Earnings.....................................................................7900
To Income Summary...............................................................................7900
<span>"esprit de corps” is mostly associated with loyalty and camaraderie. The following (order and discipline, morale, goals and accountability, mentoring, communication) are related to the meaning of the phrase.
a. order and discipline are evident in a group when the team respects the leader, as well as the leader respects his team. This is the foundation of discipline.
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1. In the criminal justice system, John can temporarily put Jack in custody pending the arrival of the police. Jack was not detained for a period longer than five minutes and not for a civil wrong.
Thus, in this lawsuit for the tort of unlawful imprisonment, Jack will lose because he committed a crime. He cannot apply a civil law to a criminal case.
2. Adriana is correct that her personal assets cannot be reached in this lawsuit brought by the shareholders of DEF, Inc. because SLA Accountants, LLP is a limited liability partnership and not just an ordinary partnership.
A limited liability partnership, like a limited liability company, offers members limited liability. However, the shareholders of DEF, Inc. may decide to sue Adriana personally.
3. Andrew is wrong because the car handed over by Sam was not a completed inter-vivos gift. The transfer was not absolute but conditional upon Sam not returning from the Middle East.
As a conditional transfer of gift, the vesting of the ownership interest created by the transfer depends on the fulfillment of a condition.
Thus, since the transfer condition did not materialize, Andrew should return the car to Sam in good faith.
Learn more about inter vivos gifts and limited liability partnerships here brainly.com/question/14767795 and brainly.com/question/1166757
In a free market economy, the market, not the government, determines prices. The interaction of producers and consumers determine the price in the market.
