Principal is defined
A) as the total amount paid to the lender over the life of the loan.
B) amount each payment is first applied to.
C) total interest and loan amount.
D) total amount of loan.
Answer: D) total amount of loan.
Business
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Following the formation of a corporation, which of the following terms best describes the process by which the promoter is released from, and the corporation is made liable for, preincorporation contractual obligations?
A. Assignment. B. Novation. C. Delegation. D. Accord and satisfaction.
Business
________ is a process strategy based on a product-oriented production process that uses modules
Fill in the blanks with correct word
Business