State the rules in case of the thing to be delivered is lost with the debtor's fault or without his fault.
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- State the rules in case the thing to be delivered deteriorates with the debtor's fault or without his fault.Suppose the obligation of the debtor is to do something and he fails to do it or performs it in contravention of the agreement, what are the the remedies available to the creditor?In your own opinion what would be the outcome or consequences if a debtor failed to settle thier account?
- What is/are the rule/rules (and the exceptions, if there be any) in case an object is lost or damaged due to fortuitous event, particularly as to the liability of the debtor in an obligation.What is/are the rule/rules (and the exceptions, if there be any) in case an object is lost or damaged due to fortuitous event, particularly as to the liability of the debtor in an obligation. Give specific examples for your answers.In case the debtor does not make the application of payment nor the creditor does not also state in which application of payment of payment is made, then application is made by operation of law. True False
- Account of a debtor must be written off as irrecoverable..what is a document of this transaction?In your own opinion, what would be the out come or consequences if a debtor failed to settle thier account?how to correct a Notification has been received that the outstanding balance on one of the debtors should be written off as the debtor is insolvent.
- What is a deficiency judgment and how is its value to a lender affected by the Bankruptcy Code?It refers to the right of mortgagor to redeem the mortgaged property after his default of the performance of his obligation by paying the secured obligation in order to prevent the public sale of his mortgaged property. a. Equity of redemption b. Right of redemption c. Right of preemption d. Equity of preemptionWhat are the two methods of accounting for bad debts? Which is in accordance with GAAP?
