If, in Problem1, there was no definite agreement for future advances between Sedgewick and the bank at
Question:
If, in Problem1, there was no definite agreement for future advances between Sedgewick and the bank at the time the initial $30,000 loan was closed, would your answer be different?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
If the mortgage has not explicitly allowed ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Question Posted:
Students also viewed these Business questions
-
Standard Bent Glass wanted to buy a machine for its factory that would produce cut glass. In March 1998, it started negotiations with Glassrobots Oy, a Finnish corporation. By February 1999,...
-
The plaintiff and defendant engaged in phone calls and e-mails that unambiguously indicated an intent to be bound to all necessary terms of a transaction. The district court recognized these recorded...
-
1. In the June 2005 agreement, what consideration did Amber offer in exchange for Fredericks granting her a half-interest in the property? 2. Is love and affection alone consideration for a contract?...
-
An unknown compound A of molecular formula of C10H180 reacts with H2S04 and heat to form two compounds (B and C) of molecular formula C10H16. B and C both react with H2 over Pd/C to form decalin....
-
Stingray Ltd manufactures outboard motors and an assortment of other marine equipment. The company uses a job costing system and manufacturing overhead is applied on the basis of machine hours....
-
Fast Mobile company approached you as Management Accounting expert to assist them in preparing their 2022 budget. They provided you with the following data: Expected number of units to be sold in...
-
Pair off in class and practice a salespersons approach to a customer. Develop an approach that lasts 3 minutes and includes a greeting.
-
An electron's position is given by r = 3.00ti 4.00t 2 j + 2.00k, with t in seconds and r in meters. (a) In unit vector notation, what is the electron's velocity v (t)? At t = 2.00 s, what is v (b)...
-
Before they become eligible to receive CPP retirement benefits, Lian and Cheng have calculated that they will have an essential expense gap of $1,450 per month between age 55 and age 60. Assuming a...
-
Randolph and Tammy own a second home. They spent 45 days there and rented it for 88 days at $150 per day during the year. The total costs relating to the home include the following: Mortgage...
-
What does it mean when a lender accelerates? What is meant by forbearance?
-
Can borrowers pay off, part or all, of loans anytime that they desire?
-
Consider the following data set: 14 24 20 18 23 20 12 16 22 18 14 26 15 a. Determine the quartiles for these data. b. Calculate the inter-quartile range for these data.
-
OJ Ltd has been having difficulty collecting its accounts receivable. For the year 2016, the company increased the allowance for doubtful accounts by $48 000, bringing the balance to $70 000. At the...
-
In each of the following cases, what component of good internal control is being violated (if any)? 1. Tough Ltd pays all its employees minimum wages and does not have pleasant working conditions. 2....
-
Briefly explain what is meant by the statement: 'Under historic cost accounting, depreciation is a process of allocation.' Include in your answer some reference to the key assumptions that support...
-
XYZ commenced operations on 1 June 2016 selling one type of shirt. The company uses FIFO (first in, first out) and perpetual inventory control. The June inventory and sales records for the shirts...
-
Eaglehawk Ltd had the following noncurrent asset on its balance sheet on 30 June 2015. The company adopts a policy of depreciating all relevant items on a straight-line basis at an annual rate of 10...
-
In October of 2004, the supply of flu vaccine fell by over 50 percent when a major producer of the vaccine was shut down. The result was that the vaccine had to be rationed, with a priority schedule...
-
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
-
In the previous chapter, significant problems about the ability of borrowers to meet mortgage payments and the evolution of fixed interest rate mortgages with various payment patterns were discussed....
-
A basic ARM is made for $200,000 at an initial interest rate of 6 percent for 30 years with an annual reset date. The borrower believes that the interest rate at the beginning of year (BOY) 2 will...
-
An ARM for $100,000 is made at a time when the expected start rate is 5 percent. The loan will be made with a teaser rate of 2 percent for the first year, after which the rate will be reset. The loan...
-
What is one specific security tactics to protect the network. Identify specific tools selections to accomplish compliance and audit requirement Describe how alerts would be collected and presented...
-
1. Solve each equation for x, where 0x & a) sin x-= 0 b) cosx-3 cosx+2=0
-
Explain Article III Standing, and explain how to achieve standing. b) Explain Negligence, and provide an example of a Negligence claim. c) What happened in the case of Genesco v. Visa? d) Explain the...
Study smarter with the SolutionInn App