Michael has borrowed $100,000 from his bank. If Michael fails to make payments on his loan, the bank can sue Michael. However, because Michael has no income and owns no property, if the bank sues Michael, the bank will never collect. Michael is considered to be ________.
A. liquidated
B. judgment-proof
C. collateralized
D. fully monetarized
Answer: A
You might also like to view...
Scrambled merchandising increases
A. intratype competition. B. concentric diversification. C. intertype competition. D. vertical integration. E. horizontal integration.
Sapphire Toys actually sells more than toys. It also sells branded clothing, music CDs, and books for children. This expansion of dealership sales offerings is an attempt to increase the value of the customer base by ________
A) reducing the rate of customer defection B) increasing the longevity of the customer relationship C) enhancing the growth potential of each customer through cross-selling D) making low-profit customers more profitable E) terminating low-profit customers
How do companies use the workload approach to set sales-force size?
What will be an ideal response?
What are the important aspects of the Family and Medical Leave Act?