A promise to pay a debt that has already been discharged in bankruptcy must be in writing in order to be enforceable in many states. True False

Answers

Answer 1

Answer:

True

Explanation:

Since in the question it is mentioned that the promise is to be done for paying off the debt i.e. already discharged at the time of bankruptcy also it should be in writing so that it become enforceable in many states

Therefore the given statement is true

Hence, the same is to be considered

So the given statement is not false

Related Questions

Suppose the two firms decide to collude by forming a cartel that chooses output cooperatively. They agree to each produce half of the monopoly output in the market. What output does each firm produce?

Answers

Answer:

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Explanation:

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A progressive tax system: __________
a) Means higher marginal tax rates at higher income levels.
b) Provides more work incentives than a system with constant marginal tax rates.
c) Promotes more investment than a system with constant marginal tax rates.
d) All of the above.

Answers

Answer:

a) Means higher marginal tax rates at higher income levels.

Explanation:

The progressive tax system is a system where the rate of the taxes according to the increased in the taxable amount. It generally applied to the personal income taxes that means if the people have the less income so less tax rate would be applied and if the people have the high income so high tax rate is applied

Therefore as per the given situation, the option a is correct

Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 42,500 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.00 per hour. Determine the direct labor budget for this year.

Answers

Answer:

$1,338,750

Explanation:

To calculate the direct labor budget, we need to determine the amount of direct labor hours and them multiply it to the direct labor cost.

The total amount of hours = 42,500 × 1.5 hours = 63,750

Direct labor budget cost = 63,750 × $21 = $1,338,750

Therefore, the direct labor budget for this year is $1,338,750

define renewable resources

Answers

Answer:

Renewable Resources is basically a natural resource that can renew by itself or by the help of others.

Explanation:

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