Answer:not dischargeable if Tim concealed asset to defraud Roy
Explanation:
A bankruptcy is a legal means for a debtor used by the court to relieve him of his debts obligations when he his unable to fulfill it's debt obligations payment.
However finding out that the value of a contract initial agreed was overpriced will not make the debt dischargeable nor dischargeable in any circumstances unless it's proven that the debtors is unable to pay his debt.
The debt will equally not be dischargeable if it's found that the debtors has concealed items to defraud the creditor and it's equally dischargeable in some circumstances particularly when the debtors is unable to pay.
<span>This is called substituting. This is a type of nonverbal or nonvocal communication. Writing, sign language, gestures, facial expressions, and eye contact are some other types of nonvocal communication. Nonverbal communication is mostly biologically based. Verbal communication is mostly culturally based.</span>
Answer:
loss at extinguishment 8,122.50 dollars
Explanation:
we should compare the amount we pay for the bonds and the book value of the bonds:
book value 978,877.50*
call price <u> (987,000.00) </u>
loss (8,122.50)
*We are given with the value at January 1st we must adjust for the value at july 1st using effective-rate method
970,500 x 11%/2 = 53,377.5 interest expense
1,000,000 x 9%/2 = 45,000 cash outlay
amortization 8,377.5
<em><u /></em>
<em><u>carrying value:</u></em>
970,500 + 8,377.5 = 978,877.5
<span>Chris may be able to recover money from the courts on the basis of quasi contract. A quasi contract is an obligation of one party to another imposed by law independently of an agreement between the parties.</span>
<span>If a person is self employed, they are responsible for paying their own taxes. There are tables available on line to calculate the amounts. They should be paid no less than quarterly. If the income is significant, an account should be set up, or they should be paid more frequently. There are fees for late payments.</span>
