Explain the concept of taking an assignment subject to the equities.
Question:
Explain the concept of taking an assignment subject to the equities.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
To say that an assignment is taken subject to the equities is to say that the debtor generally can u...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Explain the concept of an ADR.
-
Explain the concept of an entrepreneurial legacy.
-
Explain the concept of organization intervention and why any particular management or organization change can be considered an intervention.
-
Consider a process consisting of five resources that are operated eight hours per day. The process works on three different products, A, B, and C; Resource Number of Workers Processing Time for A...
-
A city prepares its budget on a cash basis. For each of the following indicate the amount (if any) of an expenditure/expense that the city would be recognize in (1) its budget, (2) its fund...
-
For several years, Conrad Stone had wanted to acquire the Pineview Motel. The motel had a prime location and was thriving. Part of its property was adjacent to a scenic river, which was used as a...
-
Zeta Safety, Inc., began the year with $15,000 of common stock and $34,000 of retained earnings. On August 5, investors bought $19,000 of additional stock in the business. On October 22, the business...
-
A painting operation is performed by a production worker at a labor cost of $1.40 per unit. A robot spray painting machine, costing $15,000, would reduce the labor cost to $0.20 per unit. If the...
-
Problem 1.3 Comparison of of maximum deflections of a cantilever beam under constant distributed load according to the different beam theories Calculate the normalized deflection of a cantilever beam...
-
Taylor Orlando began Taylor Roofing, his roofing business, on March 1, 2022. On March 31, the balances in the accounts were as follows. Cash $9,000, Accounts Receivable $2,000, Equipment $8,000,...
-
Why do you think judges allow employees to take advantage of exclusion clauses to which they are strangers? Give at least two reasons for your answer.
-
What is a Himalaya clause? What effect does such a clause have on privity of contract?
-
Assume Earl Coffee Roasters Corporation ended the month of August 2016 with these data: Requirement Prepare the balance sheet of Earl Coffee Roasters Corporation at August 31, 2016. Payments of cash:...
-
How does staging of new venture investments create value for the entrepreneur? What about for the investor?
-
Explain how an entrepreneur can use staging of investment to both signal the entrepreneurs beliefs and better align the entrepreneurs incentives with the interest of investors.
-
Suppose the investigator referred to in Exercise 15.9 decided that instead of running one group and comparing it against 0 = 5.8, she would run two groups (one with and one without lesions). She...
-
Why might an investor in an early financing round want to anticipate the need for additional financing rounds even in cases where the entrepreneur and investor agree on the terms for investing?
-
How can the entrepreneur use debt terms to signal confidence in the venture?
-
Consider Robert Galvins approach to evaluating the satellite project proposal. The text suggests that in not developing discounted cash flow analysis, Galvins ap- proach was flawed. In hindsight,...
-
Catherine (aged 42) and Johnson (aged 45) have been married for 12 years. Johnson is a project manager of an event company at a monthly salary of $55,000 with an additional one-month salary of...
-
Max Mitchell, a certified public accountant, went to First Florida Bank for the purpose of negotiating a loan on behalf of his client, C. M. Systems. After informing the bank vice president that he...
-
See Cafeteria Conversation. Steve has authority to write checks on the account of his employer, a public company under the Securities Exchange Act of 1934. Because Steve is a compulsive gambler and...
-
Oregon Steel Mills (OSM) retained Coopers & Lybrand, LLP for many years to provide accounting and auditing services. Due to its negligence, Coopers wrongly advised OSM that a transaction should be...
-
What is the output of the following snippet of code if number is 35? if (number % 2 == 0) System.out.println(number + else " is odd."); System.out.println(number +" is even.");
-
1) Write a program using the switch statement name Grade Report that reads a grade from the user and prints the comments accordingly. Hint Prompt the user to enter their grade user must be prompt to...
-
Joe Smith is a VAT-registered vendor running a homemade pie shop, retailing to the public. Joe Smith bought a microwave oven for R4 000 from his local Game store, also a registered VAT vendor. He...
Study smarter with the SolutionInn App