Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Huhu this one is tough. Can I ask for your thoughts. Thanks and stay safe.
Eduardo was granted a loan by XYZ Bank for the purpose of improving a building which XYZ leased from him. Eduardo, executed the promissory note ("PN") in favor of the bank, with his friend Recardo, co-signatory. In the PN, they both acknowledged that they are "individually and collectively" liable and waived the need for prior demand. To secure the PN, Recardo executed a real estate mortgage on his own property. When Eduardo defaulted on the PN, XYZ stopped payment of rentals on the building on the ground that legal compensation had set in. Since there was still a balance due on the PN after applying the rentals, XYZ foreclosed the real estate mortgage over Recardo's property. Recardo opposed the foreclosure on the ground that he is only a co-signatory; that no demand was made upon him for payment, and assuming he is liable, his liability should not go beyond half the balance of the loan. Further, Recardo said that when the bank invoked compensation between the rentals and the amount of the loan, it amounted to a new contract or novation, and had the effect of extinguishing the security since he did not give his consent (as owner of the property under the real estate mortgage) thereto.
Required -
Can XYZ Bank validly assert legal compensation?
Can Recardo's property be foreclosed to pay the full balance of the loan?
Compare and contrast the role of transfer pricing in a domestic versus a multinational corporation.
consider two firms that are identical except the method of financing. firm u has no debt and firm l has 20 million of
Your task is to analyse the historical (for the last five years) performance of a listed company and present your findings in the form of a report, which will cover both qualitative and quantitative performance elements in a logical cohesive forma..
What kind of measures might Sam's Pita Pit and the Classic Steakhouse include in the customer category of their new balanced scorecards? Create a table with one column for each set of measures. Which measures would be similar and which would be di..
Erin McQueen purchased 50 shares of BMW, a German stock traded on the Frankfurt Exchange, for €64.5 (euros) per share exactly one year ago.
Many people still believe that companies care little about human resource management compared to other revenue-generating departments. Explain why companies have this perception. Describe how you would convince the company's leadership of the valu..
Prepare the journal entry to record the replenishment of the petty cash fund.
On January 1 of the current year, Townsend Co. commenced operations. Prepare an income statement using absorption costing
The Chateau Company manufactures 4,000 telephones per year. The full manufacturing costs per telephone are as follows
Read Georgina Safe s article Change of mind gives gallery a $1m surprise in Financial Accounting in the News 16.2 and determine whether the gallery should treat the donation as revenue. Further, if the donation is treated as revenue, how would tha..
Calculate profitability and liquidity measures. Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2014 and 2013. Sales for the year ended December 31, 2014, totaled $870,000.
Alshon Corporation is to be liquidated under Chapter 7 of the Bankruptcy Code. Prepare a statement of affairs as of December 31, 2016
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd