The type of financing that includes the purchasing of furnished cottage on a lake with the full deed is called as a package deed of trust
Explanation:
Package deed of trust will involve the third party and they will serve as the trustee in between the lender and the borrower and the property will be in the hands of the trustee until the lender pay off the the loan
This will transferred with the legal property and they will hold the security loan and it will be made equitable and the title will remain with the borrower until they pay of the money
Answer:
valuation principle
Explanation:
The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.
Answer:
The correct answer is letter "C": Is personally liable for partnership debts.
Explanation:
A Partnership is an entity that operates a company with two or more owners. They share the profits in proportion to their relationship benefit in percentage terms. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnership (<em>liability according to the percentage contributed to the partnership</em>).
