Josh was sued by his former business partner. He lost the case and has to pay his former partner $10,000. He has not yet done so and is refusing to do so

Josh is applying for a mortgage for a new home. Should he be worried about the lawsuit impacting his mortgage application?

A) No, this kind of information is not contained on one's credit report.
B) Absolutely, this kind of information is contained on one's credit report.


Answer: B

Business

You might also like to view...

Which of the following plays the most important role in government buying?

A) price B) product differentiation C) advertising D) personal selling E) customer relationship management

Business

Nick and Rodrigo form NRC Partnership by combining the assets of their respective businesses. Nick contributes $10,000 cash and assets worth $90,000 (adjusted basis of $60,000) for a 1/3 interest. Rodrigo contributes $90,000 cash and assets worth $270,000 (adjusted basis of $150,000) for a 2/3 interest. NRC also assumes $60,000 of debt on Rodrigo's assets. What is Rodrigo's basis in his partnership interest?

A. $180,000 B. $220,000 C. $240,000 D. $300,000 E. $360,000

Business

Firms have several choices of diversification initiatives that can be used to create value. Which of the following is not one of them?

A. using related diversification to acquire parenting and restructuring synergies B. using related diversification to acquire market power C. using related diversification to acquire economies of scope D. using unrelated diversification to acquire financial synergies

Business

Describe the objectives of supply management.

What will be an ideal response?

Business