Adam borrowed money to buy a new car. The bank now has a lien on the car. What could happen if Adam doesn't make his payments on time?
A. The bank could sell the car.
B. The bank could lend him more money.
C. The bank could exchange his new car for an old one.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Adam borrowed money to buy a new car. The bank now has a lien on the car. What could happen if Adam doesn't make his payments on time? A. ...” 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
A company purchases new equipment for $90,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be used in operations for four years (48 months) and have no resale or scrap value at the end of the four years.
Answers (1)
Who owns most factors of production in a market economy
Answers (2)
Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accounts had applied overhead costs of $59,300 and $38,000 in them, respectively.
Answers (1)
Shawn saw an ad in the newspaper that showed a new four-door sedan on sale for $14,999. when shawn arrived at the dealership, he was told the last sales model was just sold but that identical models were available for $16,999.
Answers (1)
Hafers, an electrical supply company, sold $4,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 12 with 4.5% interest. The due date was August 10.
Answers (1)
New Questions in Business
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)
Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.
Answers (1)
Analysis of daily output of a factory during a 8-hour shift shows that the hourly number of units y produced after t hours of production is
Answers (1)
In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent.
Answers (1)
Which strategy is most likely to reduce and prevent violence in our society? stop-and-frisk policing three-strikes-and-you're-out laws school anti-bullying awareness efforts reducing nighttime curfews
Answers (2)