Generally, a mortgage's right of redemption will terminate by a judicial foreclosure sale. Select one: True False
Q: Individuals in general need not have regular income to file a Chapter 13 bankruptcy. Select one:…
A: Chapter 13 bankruptcy is a complex legal process. It is a specific type of bankruptcy protection…
Q: 1. Reinstatement of a life insurance policy requires an insured to take all of the following actions…
A: The question is asking which of the listed actions is not required for the reinstatement of a life…
Q: 4 which of the following policies allows the insured to continue the policy at the end of the policy…
A: The objective of the question is to identify the type of insurance policy that allows the insured to…
Q: Before going on a business trip, Gina leaves the key to her apartment with Henri. She checks her…
A: A bailment is created when Gina delivers the key to Henri. This is because a bailment refers to the…
Q: A 72,000 square foot multi-tenant retail property with an Equinox gym and a Wendy’s restaurant in…
A: Therefore, the after-tax cash flow from the sale of the property is c. $2,540,000.Explanation:the…
Q: At many universities, the title to any patentable inventions conceived or reduced to practice by…
A: A patent is a legal document granted by a government to an inventor, which gives the inventor…
Q: Grantor has established a trust, naming a bank as trustee. Pursuant to the terms of the trust…
A: Estate Planning:It is a type of agreement where a person decides who will own and manage their…
Q: Davaros Debtor is a New Jersey resident who is thinking about filing for bankruptcy. Debtor has been…
A: Based on the information provided, Davaros Debtor appears to be a candidate for bankruptcy…
Q: A joint life policy pays After the first insured dies After the last insured dies After each insured…
A: Joint life insurance can be a beneficial instrument for spouses and partners who want to financially…
Q: 1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the…
A: Collateral promise refers to a scenario in which the guarantor agrees to pay the debts of a…
Q: On June 30, 2021, Maxwell Company sold merchandise to a customer and accepted a 9-month…
A: 4. Show calculations for the effective interest rate for the note The effective interest rate can be…
Q: A client mentions that they have many prescriptions to fill before leaving for vacation. What should…
A: Risk management is the systematic process of identifying, assessing, and mitigating potential risks…
Q: What is contract? rescission? and what is Homestead exemption? discharge & attachment ? Legal…
A: Contract The contract can be defined as a legally binding document between the define and the…
Q: Davaros Debtor is a New Jersey resident who is thinking about filing for bankruptcy. Debtor has been…
A: Bankruptcy is a legal process that gives debt relief to individuals or businesses who are unable to…
Q: From whom does a broker obtain its authority to bind coverage on a risk? From the Insurance Act.…
A: To "bind coverage to a risk" means to secure or confirm insurance coverage for a particular…
Q: Ethics and professionalism comply with good faith and are key elements in fulfilling its promises…
A: Recently, severe concerns have been expressed regarding the proprieties in business, since there…
Q: With respect to debtors the main goal of bankruptcy is to ensure that creditors are paid. True Or…
A: "The solution has been provided in a generalized Manner." The legal procedure of bankruptcy offers…
Q: Ginny DeWitt borrowed $30,000 from SunTrust Bank to pay for her first year of college and signed a…
A: The following scenario involves a debt dispute between Ginny DeWitt, SunTrust Bank, and First Bank…
Q: our insured has Comprehensive coverage on O.A.P. 1 Owner's Policy and informs you that he/she will…
A: Risk management is a strategic and systematic process aimed at identifying, analyzing, and…
Q: Which of the following is true of an accord and satisfaction? Multiple Choice As per common law, a…
A: Debt is a term used to describe a financial responsibility or obligation that arises when one party,…
Q: A shopping center investor bought a 36,000 square foot shopping center in Calabasas, California with…
A: Given information:Shopping center size: 36,000 square feetLocation: Calabasas, CaliforniaMortgage…
Q: Kathy gives property she has owned for 5 years to Janelle. At the time of the gift, the property had…
A: At the time of the gift, The property had a basis of $35,000. The FMV of the property is $42,500.
Q: Which of the following would be included in probate? POD Account Totten Trust. Retirement Plan…
A: Probate refers to a legal procedure that mainly deals with the distribution of property, and assets…
Q: Which one (1) of the following correctly completes the statement? Electronic accessories or…
A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the…
Q: 14 of 20 Section 11 of the Registered Insurance Brokers Act authorizes the passing of by-laws…
A: Section 11 of the Registered Insurance Brokers Act grants the authority to pass by-laws related to…
Q: Calculator A producer has taken an application for an individual Disability Income policy, collected…
A: The objective of the question is to understand the correct procedure that an insurance company…
Q: A homebuyer is taking out a loan to purchase a property. They sign a promissory note and security…
A: The question is asking us to infer information about a homebuyer's situation based on the fact that…
Q: In order to prevent an insured from recovering more than his actual loss, insurance policies contain…
A: A deductible clause is an insurance policy which is defined as a part of agreement which the…
Q: Bailee had a balance of $422.88 in a check register. The bank notified Bailee that Nicholas had…
A: When you deposit a check, you have a reasonable expectation that the check will be honored. However,…
Q: What kind of argument is present when the premises of an argument do not lead to the conclusion?
A: An argument aims to demonstrate the validity or soundness of the conclusion by showing how the…
Q: The basis of property acquired as a result of an involuntary conversion is equal to the cost of the…
A: Here, the above question is about the true of false statement, in case of involuntary conversion, we…
Generally, a mortgage's right of redemption will terminate by a judicial foreclosure sale.
Step by step
Solved in 3 steps
- 1.) which of the following statements is incorrect about life settlement and variables A) the life insurance policy sold to a third party B) the purchase price equals all premiums paid up to the time of the sale C) the cash surrender value is always less than the purchase price D) the proceeds from the sale may be subject to taxesYour auto insurance company has offered you a 15 percent discount (roughly $200 per year) if you agree to let them install a sophisticated vehicle event data recorder (EDR) in your car. You have read over the terms of the agreement and discover that if you are involved in an accident, you must agree to let the data from the device be collected and analyzed by a third-party accident investigation firm. You must also agree to let findings from this analysis be used in a court of law. What questions would you want answered and what advice might you seek before deciding whether to accept this discount offer?If an insured voluntarily gives up the life insurance contract, the policy is A) Foreclosed B) Lapsed C) on extended warranty D) reinstated
- Identify the strengths and weaknesses of each term and their impact. Terms: Financial accounting system, Termination policies, and legal principleshelp asapAn owner, who bought an industrial building without financing on January 1st eight years ago for $8,000,000 is selling the property on December 31st of the current year for $8,900,000 and will incur a cost of sale of 3 percent of the sale price. The property allocation was 70 percent for improvements and 30 percent for land at the time of purchase. The owner's tax rates are 35 percent for ordinary income, 25 percent for cost recovery recapture, and 20 percent for capital gain from appreciation. What are the proceeds after tax for this sale? O $8,633,000 O $6,863,312 O $8,900,000 O $8,222,316
- Pisey needs $ 8,000 for her pig farm. After Sisey Pisey told her about the $ 8,000 she needed, the bank said she had collateral, such as a house, because borrowing, in principle, requires the bank to have collateral? Sister Pisey says I mortgaged the title deed to get a $ 8,000 loan from the bank. The bank assessed the land and told Pisey to borrow $ 25,000 (by submitting the land title), otherwise the bank would not lend her $ 25,000, not $ 8. $ 000) Do you agree? Sister Pisey said that I only need $ 8,000, $ 25,000 is more than I need! The bank said it was likely to force her to borrow $ 25,000 ... Finally, Pisey gave up the loan, fearing that the bank would not be able to confiscate land worth more than 25,000. Dollars. How do students understand the situation? Delay. As a Business ManagerIf an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.Joe took out a loan to purchase a new house. In return, Joe's lender placed a lien on the property. Is this legal? O No. Only Joe can place a lien his property. O No. A lender is never allowed to place a lien on a property as long as the borrower is up-to-date ontheir payments. О Yes. This is a voluntary mortgage lien that allows the lender to foreclose on the property if Joe defaults on the loan. O Yes. However, the lien is only valid for 12 months.
- Pls help ASAPBuilding and personal property coverage form Can cover which of the following expenses Except automobile held for sale Building additions Improvement and betterment Property of othersProvide the criteria on how a medical policy must satisfy before a taxpayercan claim a deduction for Premium for insurance for medical benefits undersubsection 49(1B) Income Tax Act 1967. Please give explaination breifly with example