Which of these statements describes a lien?
A. the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan
B. the right of a lender to refuse a loan if the borrower hasn't repaid previous loans on time
C. the right of a lender to increase interest rates depending on economic factors
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of these statements describes a lien? A. the right of a lender to sell collateral to get back the principal if the borrower cannot ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be taken?
Answers (1)
Does 3d rendering service popular nowaday? I've learn a new service called 3d rendering which is for architects, design and real estate. What's the advantage of it?
Answers (1)
M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 260 units, and this is constant throughout the year.
Answers (1)
Aggie Company is going to trade-in an old piece of equipment for new equipment. The following is information concerning the purchase: List Price: $65,000 Down Payment: $6,000 Term: 5 years Interest Rate: 8% Payments: Quarterly Trade-in value $10,000
Answers (1)
Which of the following statements is true?-direct costs can easily be traced to a cost object; indirect costs cannot be-both direct and indirect costs can easily be traced to a cost object-neither direct nor indirect costs are easily traced to a
Answers (1)
New Questions in Business
Slinky Company purchased merchandise on June 10, 2021, at a price of $26,000, subject to credit terms of 4/10, n/30. Slinky uses the net method for recording purchases and uses a perpetual inventory system. Required: 1.
Answers (1)
How does taxation and legislation impact positively and negatively on outsurance
Answers (1)
Alloy Supply Co. has a new project that will require the company to borrow $3,000,000. Acme has made an agreement with three lenders for the needed financing. First National Bank will give $1,500,000 and wants 6% interest on the loan.
Answers (1)
As a result of a fall in the price of gasoline, consumers can afford to buy more gasoline for more driving trips. this is an illustration of
Answers (1)
g On January 2, Yorkshire Company acquired 34% of the outstanding stock of Fain Company for $400,000. For the year ended December 31, Fain Company earned income of $104,000 and paid dividends of $32,000.
Answers (1)