Interest payable on a loan becomes a liability:
A. When the note payable is issued.
B. As it accrues.
C. At the maturity date.
D. When the borrowed money is received.
B
Business
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The Lead-Based Paint Disclosure for a property built before 1978 must be provided by the
a. buyer's broker when preparing an offer b. listing broker at the time of listing c. seller before closing d. seller before accepting an offer
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A contingent beneficiary in a life insurance policy has the right to
A) receive the policy proceeds if the primary beneficiary dies before the insured. B) share the policy proceeds with the primary beneficiary. C) change the beneficiary designation under specified circumstances. D) exercise policy rights if the insured is incapacitated.
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