Eloise Ralstonhad a first mortgage on her house of $300,000 with Bank A, a second mortgage of $200,000 with Bank B, and a third mortgage of $100,000 with Bank C. All of these mortgages were registered and in that order
Eloise missed her mortgage payments to Bank C. If Bank C forces the sale of the house and the house sells for $400,000 which of the following statements is FALSE?
A) Bank A will get $300,000
B) Bank B will get $100,000
C) Bank C will get $100,000
D) Bank B will not get fully paid but it will get some money
E) Bank C will get $0
C
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The adjusted trail balance contains only permanent accounts
a. true b. false
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Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:
A) preferential tariffs. B) harmonized tariff. C) BTN duty. D) specialized tariff. E) antidumping duty.
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