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!
Discharge.
FACTS: Mary Ann McClusky and her husband Curtis borrowed $75,000 and signed a note payable to Francis and Thomas Gardner. As collateral, Mary Ann gave the Gardners a mortgage on a farm owned in her name only. After the McCluskys divorced, Mary Ann found, in a file in the basement of her house, the note with the word “Paid” written across it. When the Gardners refused to cancel the mortgage, she filed a suit in an Indiana state court against them. During the trial, she testified that she did not know how the note came to be in her basement or who wrote “Paid” across it. The Gardnerstestified that they had not surrendered it.
ISSUE: Should the court presume that the note had been discharged, given that it was in Mary Ann’s possession and had the word “Paid” written across it? Discuss.
RULE/RESOLUTION: [Gardner v. McClusky, 647 N.E.2d 1 (Ind.App. 1995)] How did the court answer the questions? What did the court decide?
EXPLANATION/APPLICATION-Do you agree with the court? Why or why not? Can you change any facts to give a different result?
Suppose you borrowed $15,000 at an annual interest rate of 8.5%. how much would you reduce the amount you owe (that is, principal) in the first year?
What is the future value of $1,140 a year for 5 years at a 7 percent rate of interest?
Talbot Enterprises recently reported an EBITDA of $6.0 million and net income of $1.5 million. It had $2.4 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
Recruiting new employees Imagine that you are the employees of company "ABC" and you work in one departrment ou can choose what kind of department. The purpose of the discussion is preparing the recommendations for the company executive how to improv..
Photochronograph Corporation (PC) manufactures time series photographic equipment. The company raises all equity from outside financing.
This company has 800, 9% coupon bonds, with a face value of $1,000, are outstanding with 25 years to maturity, Calculate the WACC.
Sensitivity analysis helps determine the
Internal rate of return Profitability index Net present value Modified internal rate of return Average accounting return.
Using a minimum of seven financial ratio compare the 2012, 2013, and 2014 yearend financial results of the following corporation: Walt Disney corporation, Oracle corporation, Ford motor company
Suppose a stock had an initial price of $64 per share, paid a dividend of $1.20 per share during the year, and had an ending share price of $73. Compute the percentage total return.
The “Brasher doubloon,” which was featured in the plot of the Raymond Chandler novel The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,..
Explain why a firm needs to hedge if stockholders are holding a well-diversified portfolio of assets?
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