Ahmed has a small grocery business. He decides to incorporate, and creates Ahmed's Groceries Ltd., and runs the business through the corporation. The business needs a loan, so Ahmed goes to Big Bank to ask for a loan on behalf of Ahmed's Groceries Ltd. Big Bank agrees to lend Ahmed's Groceries Ltd. $50,000. Ahmed agrees to the loan on behalf of the borrower, Ahmed's Groceries Ltd.
After about a year, business is slow, and Ahmed's Groceries Ltd. is unable to pay its debts, including the money owed to Big Bank. Ahmed's Groceries Ltd. runs completely out of money, and goes bankrupt. Ahmed's Groceries Ltd. has no money available to pay Big Bank. Ahmed, however, is quite rich, and could afford to pay the $50,000 back to Big Bank.
Is Ahmed legally required to pay the money back to Big Bank? (10 marks)
this is business law question. i need answer about Explanation of applicable rules and cases
Assignments > 6. Compound Interest mpound Interest day by 11:59pm Points 100 Submitting an external tool Question Bank D pays 7.289% effective annual yield, on an investment account in which interest is compounded weekly. What is the annual interest rate before compounding? Enter your answer as a percent, rounded to the nearest four decimals, without the % sign. (9.34562% should be input as 9.3456.) Provide your answer below: FEEDBACK MORE INSTRUCTION SUBMIT Content attribution Next . * Previous stQuestion 34 (1 point) Saved Which statement is false? ) The discounted value of a loan is similar to the present value of an investment Compound interest investments can be modelled with exponential functions. O Increasing the frequency of the compounding increases the final value of an investment A compound interest investment always gives a greater future value than a simple interest investmentQuestion 42 (6 points) Which of these three options is the better investment? Use the same P and t value throughout. a. An account that earns 8.2% interest compounding semi-annually b. An account that earns 8.17% interest compounding monthly C. An account that earns 8.15% interest compounding dailyUtilitarianism is: A theory from moral philosophy that argues that an act is right if it serves to maximize the attainment of human satisfaction. OA theory from moral philosophy that argues that profit and financial well-being are important parts of evaluating an ethical situation and should not be ignored or dismissed. A theory from moral philosophy that argues that we should always choose the action that will best benefit us as individuals Question 4 2.5 pts The author, Kelman, analyzes cost-benefit analysis through the lens of ethical theory. He argues for three conclusions. Which of the following IS NOT one of Kelman's conclusions? O In areas of environmental, safety. and health regulation, there may be many instances where a certain decision might be right even though its benefits do not outweigh its costs. Of Given the reasons why it is problematic to monetize non-marketed benefits or costs that is a prerequisite for cost-benefit analysis, it is not justifiable to devote major resources to the generation of data for cost-benefit calculations or to undertake efforts to further promote cost-benefit analysis. Getting decision-makers to make more use of cost-benght techniques is important enough to warrant both the expense required to gather the data for improved cost-benefit estimation and the political efforts needed to give the activity higher priority compared to other activities, (): There are good reasons to oppose efforts to put dollar values on on-marketed benefits and costs,Question it: 2 [8 Marks] a) A loan for $4000 with interest at 6.75% compounded semi-annually is repaid aer4 years. What is the amount of interest paid? b) Determine the sum of money that will grow to $2000 in six years at 6% compounded monthly
