A service contract is frequently called an extended warranty even though service contracts are not warranties

a. true
b. false

Ans: a. true

Business

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Anne Bogaert reviews the status of her home mortgage schedule for the month of January 2014: On 31 January 2014, Boagert makes a payment of $15,000 rather than $10,000. What will be the outstanding mortgage loan balance immediately after the payment is made?

A. $485,000 B. $487,500 C. $490,000

Business

What is a financing statement? What is its significance in perfecting a security interest?

What will be an ideal response?

Business