Finlay dies without a will. The distribution of Finlay's property, including his beachfront house near Gulf Shores, Alabama, is prescribed by
a. a court-appointed executor.
b. federal probate statutes.
c. state intestacy laws.
d. Finlay's relatives.
C
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On January 15, 2015, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $700 . On January 16, 2015, a $200 uncollectible account was written-off. The net realizable value of accounts receivable on January 16 immediately after the write-off is:
a. $6,300 b. $6,800 c. $6,500 d. $7,900
When making a choice, ________ requires searching thoroughly for a complete range of alternatives, carefully assessing each alternative, comparing one to another, and then choosing or creating the very best.
A. benchmarking B. satisficing C. optimizing D. forecasting E. maximizing
All of the following are duties of the mortgagee under the standard mortgage clause EXCEPT
A) to reimburse the insurer for any loss payments. B) to notify the insurer of any change in ownership of the property of which the mortgagee is aware. C) to provide a proof of loss form if the insured fails to do so. D) to pay the premium if the insured fails to do so.
Authority of Agent. The Federal Land Bank (FLB) filed an action to foreclose a mortgage on Tom and Judith Sullivan's real estate. Before the trial, FLB's attorney wrote to the Sullivans' attorney, inviting settlement offers. A copy of the letter was
sent to Wayne Williamson, an FLB vice-president. Nine days later, on September 3, the Sullivans' attorney wrote to FLB's attorney expressing interest in settling the case. A copy of this letter was sent to Williamson. On September 11, FLB's attorney replied with an offer that "