Do you believe that Bills of exchange cannot be voided? Yes, or No, and Why?

Q: In your own opinion, what would be the out come or consequences if a debtor failed to settle thier…

A: A debt default occurs when the borrower is unable to pay the money back to the lender at the time…

Q: 9) Which is not a feature of bill of exchange?

A: A Bill of exchange is a document that contains a written agreement between two parties where one…

Q: would you approve or deny them in receiving this loan and why

A: Annual Income is $10,000, Monthly Debt payment 30% of monthly Income, FICO score is 550 Checking…

Q: How can they say that the currency is portable, durable, divisible, and fungible ?? (Kindly…

A: Currency is a medium of exchange for goods and services. In short, it's money, in the form of paper…

Q: ill of exchange important? Why

A: Bill of exchange is some sort of promise to other that he will pay the given amount on a given date…

Q: Factual errors can occur in two ways: unilaterally or bilaterally. What are the implications of both…

A: pleas see the next step for solution

Q: May an action arising from fraud be waived? explain

A: Fraud- Fraud is defined as the deliberate misrepresentation of an existing material truth by one…

Q: Why would a proposal not be accepted

A: A proposal refer to a document containing details of how to implement the plans for achieving the…

Q: Would you prefer using negotiable instruments as a form of payment rather than using traditional…

A: A negotiable instrument is an archive that ensures installment of a particular measure of cash to a…

Q: What are some possible agency conflicts between borrowers and lenders?

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal authorizes agent…

Q: Similar to a like-kind exchange, the receipt of “boot” under Sec. 351 can cause loss to be…

A: A like-kind exchange refers to a transaction in which one asset is disposed of and another asset is…

Q: Give examples of obligations or contracts which are contrary to law .

A: The contract is an agreement forming a relationship between two parties in such a way that if any of…

Q: Why do floating charge holders frequently include a negative pledge clause in the charge.

A: Negative pledge ensures that, in case of insolvency of a firm, other creditors wont be able to…

Q: Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and…

A: The cash budget is prepared by the management to estimate the expected cash receipt and cash…

Q: what does the voting rights of the Exchange mean?

A: Shareholder voting indicates the privilege given to shareholders to take part in the decision making…

Q: What is unsecured borrowing?

A: Definition:   Liabilities: The claims creditors have over assets or resources of a company are…

Q: credibillity of monetary policies

A: Monetary policy is a policy formulated by the central bank of a country. It stabilizes the supply of…

Q: Related to ethics and contracts, why do payday loans appear to be an ethical issue?

A: Payday loans are small ticket loans for a short duration. The borrower pays back the loan when he…

Q: Are monetary obligations under a contract of surety intransmissible by their nature, by stipulation,…

A: Contract of surety relates to the contract of guarantee a contract is to perform the promise or…

Q: what are the disadvantages of bill of exchange?

A: A bill of Exchange is a certificate of agreement between two parties where one party agrees to pay…

Q: What is nonconvertible currency?

A: Convertible currency: A currency that can be easily swapped into another currency for any…

Q: Which of the following is not a ground for the extinguishment of an obligation? O Condonation or…

A: Following is the correct answer

Q: Explain the Nonrecourse clause?

A: A sum of money that an individual or company owes is called liability. It is an obligation between…

Q: Why does the exclusion of the preemptive right ordinarily inconsequential?

A: Preemptive Rights: It is a contractual clause that gives the shareholders right or allows them to…

Q: age destabilize foreign exchange markets? If yes, which argument do you

A: Foreign exchange market : The foreign exchange market is the market where national currencies are…

Q: What is a promissory note? What are its benefits?

A: Promissory note:A promissory note is a legal financial instrument that has a written promise between…

Q: What’s the difference between free trade credit and costly tradecredit?

A: Trade Credit is a kind of credit financing extended by the trader or supplier of goods and services…

Q: Show the different arguments put forward by the proponents and opponents of currency hedging?

A: Following reasons are given by opponents of hedging: Managers cannot outguess the market.…

Q: What does the term "no mutual agency" mean

A: Introduction:- No mutual agency is one of the Advantage of the corporate form of business.

Q: Show the different arguments put forward by the proponents and opponents of currency hedging?

A: Currency Hedging: Currency Hedging is the act of getting into a financial contract in order to guard…

Q: What is the difference between an exchange and a nonexchange transaction?

A: A transaction is considered to be an exchange when both parties provide and receive consideration of…