The extent of the outstanding mortgage

Assignment Help Financial Management

Reference no: EM13943725

Collin purchases a house, using a loan from Big Bank. As a condition of the loan, Big Bank requires that Collin purchase life insurance payable to Big Bank, to the extent of the outstanding mortgage, if Collin dies before fully paying the mortgage. Big Bank is

A. an intended beneficiary but not a donee beneficiary.

B. both a creditor beneficiary and a donee beneficiary.

C. a creditor beneficiary but not a donee beneficiary.

D. an incidental beneficiary but not a donee beneficiary.

Reference no: EM13943725

Questions Cloud

Projects npv is more sensitive to changes in wacc : Project S and L both have an initial cost of $10,000 followed by a series of positive cash inflows. Project S's undiscounted net cash flows total $20,000, while L's total undiscounted flows are $30,000. At a WACC of 10% the two projects have identica..

How would you mitigate against it : Which of the chronic disasters facing the world's population today is likeliest to cause the most harm? How would you mitigate against it?

Reflection on personal learning during module : You are required to submit an individual reflection on your personal learning during this module. Students are expected to include their thoughts and learning from working with others in a group in order to produce the report in addition to reflec..

What is the final temperature in the tank : A rigid tank contains 5 kg of an ideal gas at atm and 40° C. Now valve is open, and half of mass of the gas is allowed to escape. If the final pressure in the tank is 1.5 atm, what is the final temperature in the tank?

The extent of the outstanding mortgage : Collin purchases a house, using a loan from Big Bank. As a condition of the loan, Big Bank requires that Collin purchase life insurance payable to Big Bank, to the extent of the outstanding mortgage, if Collin dies before fully paying the mortgage. B..

Collin purchase life insurance payable to big bank : Collin purchases a house, using a loan from Big Bank. As a condition of the loan, Big Bank requires that Collin purchase life insurance payable to Big Bank, to the extent of the outstanding mortgage, if Collin dies before fully paying the mortgage.

Promotion mix strategy : The product me and my group choose is THE CURVED SCREEN 4K SAMSUNG TV and we are targeting consumers not business consumers and with promotion mix strategy is the pull strategy.

Write a program that allows the user to enter students'' name : Write a program that allows the user to enter students' names followed by their test scores and output the following information(assume that the maximum number of students in the class is 50)

Find the periodic payment r required to amortize a loan : Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year.

User Account

All Pages