The general journal does NOT have a column titled:
A) Date.
B) Account Titles & Descriptions.
C) Dr. and Cr.
D) Balance.
Answer: D
Business
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A trustor defaults on his loan and refuses to reinstate the deed of trust. The most expedient thing for the beneficiary to do is to institute a:
A: Sheriff's sale; B: Lien sale; C: Trustee's sale; D: Judicial foreclosure.
Business
A contract provision that relieves a party to the contract from liability is known as:
A) A liquidated damages clause. B) An executory clause. C) A disaffirming clause. D) An exculpatory clause. E) A mitigating clause.
Business