The estimated value of reducing float by one day is one day's interest on the freed-up sales
Indicate whether the statement is true or false
FALSE
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Marcella pays $12,000 down on a houseboat which Hugh had agreed to sell to her for $64,000 . Marcella then repudiates the contract. Hugh sells the houseboat to Lloyd in good faith for $60,000 . Marcella may recover from Hugh:
a. nothing, since she was the one who repudiated the contract. b. her $12,000 down payment since Hugh's contract with Lloyd created a novation and discharged any duty Marcella had to pay anything toward the houseboat. c. $8,000 in restitution, which represents Marcella's $12,000 down payment less the $4,000 in damages Hugh sustained because of Marcella's breach. d. only a nominal amount.
By law you have certain rights in connection with the credit bureau. They are
A) the right to view your personal credit report. B) the right to point out errors found in your file. C) the right to request the credit bureau to correct mistakes in your file. D) the right to file a statement presenting your view of a disputed issue. E) all of the above.
A loan that requires the borrower to make the same payment every period until the maturity date is called a
A) simple loan. B) fixed-payment loan. C) discount loan. D) same-payment loan. E) none of the above.
The most beneficial plan when facing significant change in the external environment is a _____ plan.
A. comprehensive B. narrative C. subjective D. short