David,a debtor,owes debts to creditors Paul,Mark,and Gary.Paul,Mark,and Gary agree with each other and with David to release him from his debts,in exchange for his promise to pay Paul,Mark,and Gary 75 percent of the amount he owes each of them.This is called a composition agreement,and such agreements generally are binding contracts.
A) increase both Assets and Liabilities. B) increase Assets and decrease Liabilities. C) decrease both Assets and Liabilities. D) decrease Assets and increase Liabilities.
Jasmine discovered that she had been slammed by her old company,Voicetone,after she had paid her telephone bill to the company,Distant Enterprise.Discuss Jasmine's legal rights.
FCC rules state that Distant Enterprise must pay Voicetone 150% of the charges it received from Jasmine.Out of this,Voicetone will reimburse Jasmine 50% of the charges paid to Distant Enterprise.
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What two terms are used to describe prospects before they become qualified?