A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is <span>the agreement by the parties to the new contract </span>and will either expressly revoke and discharge the obligations under the prior contract. It does not require the intervention of the law.
The process of determining the probability that potential customers will not pay is called <u>"credit analysis".</u>
Credit analysis is a sort of analysis an investor or bond portfolio chief performs on organizations or other obligation issuing substances to gauge the element's capacity to meet its obligation commitments. The credit investigation looks to recognize the suitable dimension of default chance related with putting resources into that specific substance.
The result of the credit analysis will figure out what hazard rating to appoint the obligation guarantor or borrower. The hazard rating, thus, decides if to stretch out credit or advance cash to the obtaining substance and provided that this is true, the sum to loan.
Expenses of $4,500 should be deducted from the revenues in April. Under the expense recognition principle efforts (expenses) should be matched with accomplishments (revenues).
The present value of the tuition payments if the interest rate is 5% per year will be $130,000.
<h3>What is Present value?</h3>
Present value is used to arrive a sum that need to be invested to reach a particular future value.
Since the inflation rate is equal to discount rate, then, the P.V. will equal to the sum of the Tuition fee for 13 years.
Present value = Tuition fee * Number of years
Present value = $10,000 * 13 years
Present value = $130,000
In conclusion, the present value of the tuition payments if the interest rate is 5% per year will be $130,000.
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<em>brainly.com/question/24852229</em>
Answer: Yes they can.
Explanation:
Friendly Finance can sue Suburban as a Third Party beneficiary.
A Third Party beneficiary is one who is entitled to benefit from a contract made between two other parties.
A third party beneficiary has legal rights and can enforce their rights if certain clauses are met such as the existence of proof that they are indeed the intended beneficiaries.
In the above scenario, Suburban promises to pay Friendly Finance the amount that will be due A-One until A-One’s debt to Friendly Finance is paid and this was put into a contract. This proves that Friendly Finance is an INTENDED THIRD PARTY BENEFICIARY and seeing as A-One has performed as promised, Friendly Finance can take action against Suburban successfully.
