The Fair Debt Collection Practices Act applies only to
a. professional debt collectors.
b. collection attorneys.
c. creditors.
d. collection accountants.
A
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How is the current ratio calculated?
A. Current assets divided by current liabilities B. Retained earnings divided by current liabilities C. Current assets divided by total assets D. Current assets minus current liabilities
When two creditors have a security interest in the same collateral, which party takes priority?
A)The first unperfected party to attach B)A party with an unperfected interest C)A party with a perfected interest D)The first perfected party to sue
Identify two of the three categories of major business pressures and two main types of business pressures in each category
What will be an ideal response?
The principal may hold the third party to a contract, in an undisclosed principal situation, except when the:
a. undisclosed principal is expressly excluded as a party to the contract between the agent and the third party b. agent's performance is personal to the contract c. contract, when a negotiable instrument, does not include the identity of the principal or existence of the agency relationship d. undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract e. undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract or the undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract