Creditor Study guides, Class notes & Summaries

MCQ 1. Indicate the correct option. Which one of the following things can be regarded as a res nullius? (1) a domesticated tiger living in his owner‟s house (2) an impala roaming in the bushes (3) a Persian cat lying on the neighbor‟s patio (4) a springbok kept on a private game farm for hunting purposes ANSWER: Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are wild by nature either in their natural state or when they have...

Chapter 15 Priority of Creditors Business Law In canada 11th Edition By Yates -Test Bank

FAC1503 Assignment 2 Calculations/Explanations 1. 4 A trust bank account should never be in overdraft. A debit on a trust creditor account would mean the account is overdrawn which is not permitted In terms of the Rules for the Attorneys’ Profession (the Rules) with regard to the transfer of trust funds from the trust bank account to the business bank account, a legal practice shall ensure that the balance on its trust bank account shall at any date be equal to or ex...

HCA 375 CONTINUOUS QUALITY MONITORING & ACCREDITATION.HCA 375 CONTINUOUS QUALITY MONITORING & ACCREDITATION.

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

NMLS 2023/2024 Exam Questions with Correct Answers Bridge loan: - Answer-A bridge loan is a loan for a short duration of time and can be used when one is purchasing one property but is dependent on the equity from another property that has not yet been sold. Once the property is sold then the bridge loan is repaid. Business day: - Answer-Monday through Saturday except holidays.For the LE, when creditor is open to the public for carrying on substantially all of the creditor's business func...

Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent has the power to bind the insurer...

Real Estate Principles Final Exam Verified Answers Anything that is fastened or attached to real property permanently is considered to be: ️Real Property A quitclaim deed releases all present claims, rights and title of the: ️Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: ️Obtain a writ of execution Before a mechanics lien is effective it must be: ️Verified and recorded Discrimination by a real estate licens...

SOLUTIONS MANUAL for Accounting 28th Edition by Carl Warren, Christine Jonick & Jennifer Schneider. ISBN 9781337913256 |Complete Chapters ( 1-26) A+ CHAPTER 1 INTRODUCTION TO ACCOUNTING AND BUSINESS DISCUSSION QUESTIONS 1. Some users of accounting information include managers, employees, investors, creditors, customers, and the government. 2. The role of accounting is to provide information for managers to use in operating the business. In addition, accounting provides information to othe...

Claims Eligible for a Writ of Attachment correct answers Claims regarding: property torts debts, or breaches of contract Proper grounds for a writ of attachment correct answers Defendant is a nonresident, defendant has or is about commit a fraudulent transfer defendant will move property out of the state defendant is concealing property defendant is leaving the state to become domiciled elsewhere Process for Attachment correct answers 1. Move for Writ of Attachment 2. Post a bo...