William buys a house for $500,000 from Keith Geller through a realtor. He makes a down payment of $200,000. He borrows the rest from Smith and Sons, a lending firm, and places his new house as collateral for the loan. Who is the creditor in this case?
A) William
B) Keith Geller
C) Smith and Sons
D) the realtor
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “William buys a house for $500,000 from Keith Geller through a realtor. He makes a down payment of $200,000. He borrows the rest from Smith ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The following information was taken from the financial statements of Lea Corporation for December 31, Year 2 and Year 1: Year 2 total sales: $5,000,000.
Answers (1)
Multicountry competition refers to a market situation where
Answers (1)
Social media is which of the following? A. sc ashley_4eves B. ig ashy_babyy and _ashley. rp_ C. tiktok ashyy_p25 D. all of the above!
Answers (2)
Within the AD/AS model, which one of the following adjustments will cause the economy to return to its long-run capacity when output is temporarily greater than the economy's long-run potential? a.
Answers (1)
Why do store owner want their workers to wear clean, ironed clothing?
Answers (1)
New Questions in Business
2. Matthew bakes apple pies that he sells at the local farmer's market. If the price of apples increases, the a. supply curve for Matthew's pies will increase. b. supply curve for Matthew's pies will decrease. c.
Answers (1)
Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If Compco's equity cost of capital is 11.5 % , and if the amount spent on repurchases is expected to grow by 7.
Answers (1)
Commercial paper is very popular with many firms because Multiple Choice it can usually be issued below the prime rate. there are no required lines of credit at the bank. it satisfies the firm's need for long-term funds.
Answers (1)
Andrews Corp. ended the year carrying $33,836,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?
Answers (1)
The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,100 direct labor-hours will be required in May. The variable overhead rate is $8.50 per direct labor-hour.
Answers (1)