borrowers are in a living trust and are signing loan documents it is correct to have...
Homework Answers
True
Adding trustee after their signature on document helps one and others keep once trustee role legally distinct from once personal affairs
If a person signs with an intent to act as trustee by signs the loan documents without including words trustee after his name than he might be held personally liable for the loan taken by the trust
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borrowers are in a living trust and are signing loan documents it
is correct to have...
death deposits instructions lifetime public a. Living (Inter Vivos) Trust-A trust executed by a grantor during...
death deposits instructions lifetime public a. Living (Inter Vivos) Trust-A trust executed by a grantor during his or her . A living trust may be revocable or irrevocable. b. Testamentary Trust-A trust created by will and coming into existence on the _ of the grantor. C. Charitable Trust-A trust designed for the benefit of a segment of the or the public in general. d. Spendthrift Trust-A trust created to provide for the maintenance of a beneficiary by allowing her or...
Lenders want to make sure borrowers are what? Have enough income to repay the loan Are...
Lenders want to make sure borrowers are what? Have enough income to repay the loan Are able to pay back a loan All of the answers are correct Are willing to pay back a loan Have enough assets to cover the debt a o Question 4 at should Other than canding your wallet and improving your personal relationships fancial planning ultimately help you achieve Career This term refers to a change (increase) in an asset's value, Debit Positive Income Up...
Over the life of the loan, which of the following would consistently have a Highest principal...
Over the life of the loan, which of the following would consistently have a Highest principal balance prior to maturity, given each loan had the same term, principle, and interest rate today? a. CAM b. CPM c. GPM d. Can not be determined without specific information. Which of the following is a true statement about ARM? a. ARM is designed to help elder, house-rich and cash-poor borrowers. b. ARM is designed to solve the so-called “title effect” problem for some...
You have issued a 30 year a fixed rate mortgage loan to finance the purchase of...
You have issued a 30 year a fixed rate mortgage loan to finance the purchase of a home. Interest rates decline every year for four years after you have issued the mortgage loan. You are now locked into paying an interest rate that is above the market rate. There is no way out of this financial contract until the maturity date of the mortgage (thirty years from origination). True or False A tenant should carefully negotiate with the landlord the...
Which of the following is an INCORRECT statement regarding the? testator's signature requirement for making a...
Which of the following is an INCORRECT statement regarding the? testator's signature requirement for making a valid? will? A. Wills need not be signed. B. Courts have held that an? "X" can constitute a valid signature on a will if it can be proven that the testator intended it to be his or her signature. C. Courts have held that the? testator's nickname can constitute a valid signature on a will if it can be proven that the testator intended...
Correct answers and explain for all, thanks! (1) When comparing the standard of living across countries,...
Correct answers and explain for all, thanks!
(1) When comparing the standard of living across countries, we need to use real GDP per capita adjusted by nominal exchange rates (a) True. (b) False. (2) The Solow growth model is able to explain the "conditional convergence" phe- lata because the theory predicts that only countries nomenon observed in the d with similar steady states will exhibit convergence. (a) True. (b) False. (3) One potential explanation for the secular decline in saving...
I wrote this code but there’s an issue with it : #include <iostream> #include <vector&...
I
wrote this code but there’s an issue with it :
#include <iostream>
#include <vector>
#include <string>
#include <fstream>
using namespace std;
class Borrower {
private:
string ID, name;
public:
Borrower() :ID("0"), name("no name yet") {}
void setID(string nID);
void setName(string nID);
string getID();
string getName();
};
void Borrower::setID(string nID) {
ID = nID;
}
void Borrower::setName(string nname) {
name = nname;
}
string Borrower::getID() {
return ID;
}
string Borrower::getName() {
return name;
}
class Book {
private:
string...
IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN...
IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN GOD WE TRUST comprises Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Poultry Business. IN GOD WE TRUST overarching purpose for establishing a Poultry Business was to become the leading producers of Quality Poultry Products in the Poultry Industry within their catchment area of Business operation. IN...
true or false 20. The Federal Deposit Insurance Corporation insures all bank liabilities against default. 21....
true or false
20. The Federal Deposit Insurance Corporation insures all bank liabilities against default. 21. The Securities Exchange Commission (S.E.C.) was set up by Congress in the 1930s to make sure that small investors make appropriate investments. 22. If a loan is an amortizer, the bank must lend additional funds to the borrower if and when she requests it. 23. Certificates of Deposit are a type of time deposit 24. You can buy a company's stock when the company...
A paid tax preparer is required to have a PTIN number, give the client a copy...
A paid tax preparer is required to have a PTIN number, give the client a copy of the return, and keep a copy for your records for five years. True False In cases where the understatement of tax is due to unrealistic positions: A tax preparer that prepares income taxes for a fee shall receive a penalty the greater of $5,000 or 50% of the income derived by the tax return preparer with respect to the return or claim. True...
death deposits instructions lifetime public a. Living (Inter Vivos) Trust-A trust executed by a grantor during his or her . A living trust may be revocable or irrevocable. b. Testamentary Trust-A trust created by will and coming into existence on the _ of the grantor. C. Charitable Trust-A trust designed for the benefit of a segment of the or the public in general. d. Spendthrift Trust-A trust created to provide for the maintenance of a beneficiary by allowing her or...
Lenders want to make sure borrowers are what? Have enough income to repay the loan Are able to pay back a loan All of the answers are correct Are willing to pay back a loan Have enough assets to cover the debt a o Question 4 at should Other than canding your wallet and improving your personal relationships fancial planning ultimately help you achieve Career This term refers to a change (increase) in an asset's value, Debit Positive Income Up...
Correct answers and explain for all, thanks!
(1) When comparing the standard of living across countries, we need to use real GDP per capita adjusted by nominal exchange rates (a) True. (b) False. (2) The Solow growth model is able to explain the "conditional convergence" phe- lata because the theory predicts that only countries nomenon observed in the d with similar steady states will exhibit convergence. (a) True. (b) False. (3) One potential explanation for the secular decline in saving...
I
wrote this code but there’s an issue with it :
#include <iostream>
#include <vector>
#include <string>
#include <fstream>
using namespace std;
class Borrower {
private:
string ID, name;
public:
Borrower() :ID("0"), name("no name yet") {}
void setID(string nID);
void setName(string nID);
string getID();
string getName();
};
void Borrower::setID(string nID) {
ID = nID;
}
void Borrower::setName(string nname) {
name = nname;
}
string Borrower::getID() {
return ID;
}
string Borrower::getName() {
return name;
}
class Book {
private:
string...
true or false
20. The Federal Deposit Insurance Corporation insures all bank liabilities against default. 21. The Securities Exchange Commission (S.E.C.) was set up by Congress in the 1930s to make sure that small investors make appropriate investments. 22. If a loan is an amortizer, the bank must lend additional funds to the borrower if and when she requests it. 23. Certificates of Deposit are a type of time deposit 24. You can buy a company's stock when the company...
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