In securing personal loans from family members or friends, the loan agreement should be verbal or just consist of a "gentlemen's understanding."
Indicate whether the statement is true or false.
Answer: FALSE
You might also like to view...
Haroldsen Corporation is considering a capital budgeting project that would require an initial investment of $350,000. The investment would generate annual cash inflows of $133,000 for the life of the project, which is 4 years. At the end of the project, equipment that had been used in the project could be sold for $32,000. The company's discount rate is 14%. The net present value of the project is closest to:Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $214,000 B. $56,373 C. $406,373 D. $37,429
Which of the following terms indicates homeowners' insurance for which it is the obligation of the insurer to show that the loss was not excluded by a specific exemption?
A) Named perils coverage B) Specific perils coverage C) General risks coverage D) All risks coverage
An act of the legislature punishing a named individual or member of a specific group without a judicial trial is a(n)_________and such a law is prohibited by the Constitution
Fill in the blank(s) with correct word
The SBA lends the funds for a business start-up but is not a guarantor of the loan
Indicate whether the statement is true or false