BUSINESS HIGH SCHOOL

Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has marked, "Payment in Full." If Rayna cashes the check she will not be able to successfully sue Billy for the remainder of the debt. True False

Answers

Answer 1
Answer:

Answer:

False

Explanation:

The reason is that the liability can not be waived unless the lender agrees to waive off the liability which means that in this case Rayna hasn't waived off its amount receivable so the Billy owes Rayna remainder $2700 despite sending payment in full check.

Related Questions

The United States passed the Foreign Corrupt Practices Act in response to _______ issues between U.S. companies and foreign countries.
When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepreneur to repay borrowed funds is known as:
A company contacted Zach about a job opening. However, he does not know much about the company. What is the best way to learn about a company in preparation for the interview?
How do you make profit when you open a business
Which of the following is not included in the manufacturing industry cluster?

discuss 3 ways in which entrepreneurship can help to combat unemployment and improve the economy os south Africa

Answers

Entrepreneurship brings new businesses in the area. New businesses need to hire people. They help combat unemployment when they hire people. New businesses also pay government taxes which will help improve the economy of South Africa.

When various new businesses are opening in an area, it signifies that the area is safe and conducive for new businesses thus attracting potential investors and more consumers. Potential investors may be encouraged to set up their own business and will help combat unemployment by hiring local people. Foreign businesses also pay local government taxes which will also improve economy.

Entrepreneurship will generate local, national, and global interest. The more investors are interested to set up business in the local area, the better for the area's economy and unemployment problems will be diminished.

If an individual has a balance on her credit card, but would like to pay less money in the long run, she should _____. make the minimum payment every month talk with her credit card company about removing her annual fee pay as much as possible each month close her account and transfer her balance to a different credit card

Answers

Answer:

pay as much as possible each month

Explanation:

If you pay the minimum amount of money in your credit car thet will eventually generate interests, so if you want to avoid paying more money in the long run you should pay as much money as you can a month in order to start lowering the debt that you have in your credit card and eventually avoid paying interests.
If you have a balance on your credit card but you would like to pay less money in the long run, you should pay as much as possible every month. 

Faktor faktor yang mendorong wirausahawan melakukan simpanan modal usaha

Answers

Im not sure about the question but this translation is: " Factors that encourage entrepreneurs doing business capital savings."

Define the term net worth.

Answers

The term is applied to a business or an individual it is somewhat defined difderntly.Net Worth for a business,this is a total amount of assetime minus all liabilities.

Which of the following accurately describes a capital gain?OA. A rise in the standard of living
OB. The difference between costs and revenues
OC. An upward trend in prices
OD. An increase in the value of an investment

Answers

The correct answer is OD. An increase in the value of an investment.

A capital gain refers to the profit earned from the increase in the value of an investment. It occurs when the selling price of an asset, such as stocks, real estate, or bonds, is higher than its purchase price. When an individual or entity sells an investment for a higher price than what they initially paid for it, they realize a capital gain.

For example, let's say you purchased shares of a company's stock for $10 each. After a period of time, the value of the stock increases to $20 per share. If you decide to sell the shares at this higher price, you would realize a capital gain of $10 per share.

It's important to note that capital gains are typically subject to taxation, depending on the tax laws and regulations in the specific jurisdiction. The tax rate on capital gains may vary based on factors such as the holding period of the investment and the taxpayer's income level.

Ecosystem services are services provided by _______.a. the government in order to maintain ecosystem health
b. communities in an effort to beautify local neighborhoods
c. organizations committed to the environment
d. nature that benefit mankind

Answers

I believe the answer is D. Ecosystem services are services provided by nature that benefit mankind. This is grouped in to four major categories which are provisioning, regulating, supporting and cultural. The services here are the services offered by the environment to us.
Other Questions
The most practical way to avoid mismanagement of a checking account is
Cashier's checks are generally required for A. grocery store purchases. B. mortgage fees. C. purchases made during overseas travel. D. credit card payments.
The disposal of a business segment is reported as discontinued operations. True or false?
What is the one trait that you have that you believe would be an asset to any employer?