Alice has fallen behind on her signature loan. She recently received a notice from the lender that her wages were going to be garnished to pay off the debt
What is the loan clause that allows the lender to take this action against Alice because she was in default?
A) Recovery clause
B) Default clause
C) Recourse clause
D) Deficiency payments clause
E) None of the above
Answer: C
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Which one of the following violates the guidelines that your text provides for working with media representatives?
A. Talk from the viewpoint of the public's interest, not the organization's. B. Do not call a press conference unless you have what reporters consider news. C. If a reporter asks a direct question, give an equally direct answer. D. If you don't want something you said used in a story, tell the reporter that it was "off the record." E. Tell the truth, even if it hurts.
Conville signed a note as an officer of the Hughesville Manufacturing Corporation, but she did not name the corporation in the note or indicate that she was acting as an officer for it. Later, she was sued by the Grange National Bank, the holder of the note. She raised the defense that the corporation was liable on the note. Who was liable?
Which term defines the smallest number of permitted records in a related entity?
A) Cardinality B) Maximum Cardinality C) Trigger D) Minimum Cardinality
Current E&P does not include
A) tax-exempt interest income. B) life insurance proceeds where the corporation is the beneficiary. C) federal income tax refunds from prior years. D) All of the above are included.