The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 24, Problem 5BCP
Summary Introduction
Case s ummary :Agency ARM was a debt collection agency that was hired by BOA to collect debt from a debtor MEE. The agency called the employers of the debtor and asked about the policy concerning the execution of the warrant. The supervisor was told that the debtor needs to call the agency within thefirst three hours of his next shift. MEE fearing his arrest, experienced embarrassment, discomfort, and emotional distress at work.
To find: The recovery which can be made by person MEE for the damages under FDCPA.
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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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The Legal Environment of Business: Text and Cases
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