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prohojiy [21]
3 years ago
8

Hiram is a debtor to Central Credit Union, a secured party. If Hiram fails to maintain insurance on the collateral, he has likel

y a. attached the security agreement. b. perfected the security agreement. c. terminated the security agreement. d. defaulted on the security agreement.
Business
1 answer:
valentina_108 [34]3 years ago
6 0

Answer:

D). defaulted on the security agreement.

Explanation:

From the question we are informed about Hiram who is a debtor to Central Credit Union, a secured party. If Hiram fails to maintain insurance on the collateral, he has likely defaulted on the security agreement.

A security agreement as regards to the law of the United States, can be defined as contract which governs the relationship that exist between the parties that are involved in a kind of financial transaction that is been known as a secured transaction. It gives lender kind of security interest as regards to a specified asset/property which is has been pledged as collateral. Security agreements do compose of

covenants which states provisions for the advancement of funds as well as

repayment schedule and insurance requirements.

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Stephanie is a 40 percent partner in the SKY Partnership. During the current tax year, the partnership reported ordinary income
gregori [183]

Answer:

The answer is Option B.

$48000

Explanation:

Guaranteed payment                                                 $30,000.00  

Balance distribution [($210000-$90000)*40%]         $48,000.00  

Stephanie's adjusted gross income                         $78,000.00  

Less : Guaranteed Payment every year                 $30,000.00  

Increase in Stephanie's adjusted gross income         $48,000.00  

5 0
3 years ago
In 1971, under president richard nixon, the federal government passed legislation that "froze" wages and the prices of consumer
kicyunya [14]

The idea behind Nixon's decision to "freeze" wages and prices was inflation affects wages and prices, so freezing those would halt inflation.

When the total demand (AD) exceeds the total supply (AS) of a given item or service in the market, this is referred to as inflation.

As a result, the cost of those goods and services rises. This occurs as a result of people having money, either through high government spending or from high incomes or low loan rates.

Nixon thus decides to maintain a specific level of prices and salaries in order to freeze employment. As a result, the population's purchasing power will be constrained, and prices will eventually balance out.

Read more about Inflation:

brainly.com/question/13865168

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4 0
2 years ago
Read 2 more answers
Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
shtirl [24]

Answer:

i Think the answer is A

Explanation:

it could be A because the college students want to reduce the detergent and want to try to response to the higher prices

8 0
3 years ago
Consider the scenario to answer the following questions: Two friends, Monica and Chandler, enjoy baking bread and making apple p
juin [17]

Answer: 2 Apple Pies.

Explanation:

As you may well know, the OPPORTUNITY COST of doing something is the gain you would have gotten if you did an alternative.

In this scenario therefore we will be simply answering that Monica would have done if she wasn't making 1 loaf of bread.

Monica takes 2 hours to bake a loaf of bread and 1 hour to bake a pie.

So what would happen if Monica had 2 hours free because she didn't make a loaf of bread?

If it takes just an hour to make an apple pie, Monica now has 2 spare hours so she will be able to make 2 Pies.

Therefore Monica's opportunity cost of making a loaf of bread is 2 Pies.

7 0
3 years ago
The Commissioner is empowered to examine the records of any person transacting insurance in the State as an agency, an agent or
zvonat [6]

Answer:

The person examined.

Explanation:

The California insurance code

This Insurance Code is known as a set of statutes set up by the state legislature and is responsible for the regulation of the business of insurance in California. The Commissioner does not have the authority to change the Insurance Code and only the state legislature has the authority to write or amend the Insurance Code.

The Insurance Commissioner

This office is elected by the people and usually serve up to two 4-year terms. The Commissioner's term runs concurrently with that of the Governor.  The Commissioner has the authority to conduct examinations of an agent or insurer's books and records at any time.

The Insurance Commissioner's Duties and Responsibilities

1. File and keep all books and papers as required by law

2. Responsible for the Issue of  Certificates of Authority to companies that meet the requirements of state law

3. Issue, refuse, revoke or suspend licenses or Certificates of Authority etc.

6 0
3 years ago
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