Bethenny, who resides in rhode island, breached a contract entered into in florida with geraldo. geraldo successfully obtains a judgment against bethenny for $150,000 in a florida state court. bethenny lives in a nice apartment in rhode island, and her only substantial asset is a vacation beach house in north carolina. which of the following is true regarding geraldo's ability to obtain funds from a sale of the beach house?
geraldo is only entitled to obtain funds from property located in florida, the location of the lawsuit, or from rhode island, bethenny's domicile, and cannot benefit from the property in north carolina.
under federal law, geraldo will only be able to sell the beach house through attachment jurisdiction if after two years bethenny has failed to satisfy the judgment, and any sums received in excess of amounts owed to geraldo go the federal housing administration.
geraldo will be able to sell the beach house in north carolina through attachment jurisdiction, but he must return to bethenny any funds obtained in excess of amounts owed.
geraldo is only entitled to obtain funds from property located in florida, the location of the lawsuit, and cannot benefit from the property in north carolina.
geraldo will be able to sell the beach house in north carolina through attachment jurisdiction, and he is entitled to keep any funds obtained in excess of amounts owed.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 14:20, mmczora22
On january 1, 2015, jon sports has a bond payable of $200,000. during 2015, it pays off $20,000 of the outstanding bond principal and issues a new $70,000 bond. there are no other transactions related to the bond payable account. what is jon sports' december 31, 2015, bond payable balance?
Answers: 2
Business, 22.06.2019 03:00, JadaaJayy
Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?
Answers: 2
Business, 22.06.2019 08:30, justalikri
Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.
Answers: 1
Do you know the correct answer?
Bethenny, who resides in rhode island, breached a contract entered into in florida with geraldo. ger...
Questions in other subjects:
English, 16.09.2019 04:30
Social Studies, 16.09.2019 04:30
Chemistry, 16.09.2019 04:30
English, 16.09.2019 04:30
History, 16.09.2019 04:30
