If you sign a standard bank guarantee form, for which of the following would you be liable?
A) All debts and liabilities at any time owing by the principal debtor to the Bank.
B) Loans made by the Bank to the principal debtor now or in the future, which remain unpaid
C) Interest and legal costs
D) No more than the loan advanced at the time you signed the guarantee
E) A, B, and C
E
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When variable costing is used,
a. all product costs are considered to be variable. b. all period costs are considered to be variable. c. all product costs are considered to be fixed. d. product costs are separated into fixed and variable components.
What was the main argument of FASB Interpretation 3?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.
At Peter James Consulting, managers are in the process of submitting their budget cuts for the next fiscal year. In evaluating alternatives, managers should consider all of the following except
A. Are these the right choices to make for our company? B. Is this the choice that I, personally, would like to make? C. Will these cuts impact the quality of our service? D. Is this the best use of our resources company-wide? E. What is the budget impact of these changes?
Entrepreneurs ________ constantly, not just to customers, but to investors, bankers and people they want to hire.
A. sell B. try to make a good impression C. attempt to be optimistic D. All of these.