Modes of extinguishing obligations when creditor abandons his right to collect.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1. Modes of extinguishing obligations when creditor abandons his right to collect. (PLEASE EXPLAIN YOUR ANSWER)
A. Condonation
B. Forfeiture
C. Debt
D. Damages
2. Fall after the increase reaches a certain variable amount, this is called: (PLEASE EXPLAIN YOUR ANSWER)
A. Process factor
B. Law of return
C. Inflation
D. Supply & demand
3. It is always true that the effective rate is greater than the nominal rate when m ≥ 2. (PLEASE EXPLAIN YOUR ANSWER)
A. True
B. False
4. (A/F, i%, N) = (A/P, i%, N) + i (PLEASE EXPLAIN YOUR ANSWER)
A. True
B. False
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