The negotiated purchase is the most prevalent method of securities distribution in the private

Elwood Corporation borrows $750,000 from its bank, to purchase inventory and equipment. Which of the following statements is true of this transaction?

a. the amount of total assets will remain unchanged b. liabilities will decrease c. liabilities will decrease by $750,000 d. note payable will increase by $750,000 e. cash will decrease by $750,000

A ________ is a particular event that must take place to give rise to a duty of performance of a contract

A) condition precedent B) condition subsequent C) substituted agreement D) compromise agreement