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Money serves as a universally accepted medium of exchange, simplifying transactions by providing a standard measure of value. It eliminates the inefficiencies of barter systems, where goods and services must be directly exchanged. Accepting money ensures liquidity and facilitates trade, as it can be easily saved, transferred, or used to purchase other goods and services. Ultimately, the acceptance of money is fundamental to modern economies, fostering trust and efficiency in commerce.
What else can I help you with?
Order of liquidity?
savings measurable attainable realistic time bound
What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
Do you still have to pay the difference in the Loan?
Yes, you are legally bound to pay the difference is what the lender sells the car for and the balance on the loan.
Can a credit card company garnish wages in the state of Michigan?
You will have to review the laws regarding the transaction in the state where the credit card was issued. I am inclined to say yes but your garnishment may be reduced due to certain criteria including what is determined by "disposable income" . They can do this only after obtaining a judgment against you for the amount due plus fees that are applicable in your state. Also, judgments may still earn interest in your state and you will be required to pay that as well. Usually you will be charged a fee by the constibule or court officer for his efforts in obtaining and monitoring the garnishment, again refer to the statutes in your state regarding wage garnisments. If you are being sued your best option is to speak to the creditor and try to settle the debt. Usually credit card issuers will accept 60% of the balance due and you can pay the settlement amount off on a monthly payment plan enabling you to salvage your credit. If you enter into an agreement of this nature get it in writing as you will be able to have a record of the deal and after it is complete get a settled in full letter. Keep it for 7 - 10 years as you may need to refer to it should the balance on the account get sold to a third party and collection attempts are made. The original creditor will be bound by your agreement and you will be able to validly dispute the claim. Salvatore Mattiaccio President The Lakeland Group, Inc. P.O. Box 20 Sparta NJ 07871 (973) 729-2372
What does not of legal contractual age mean?
The age in your state that a person may be bound by a legal contract, such as a personal loan, or mortgage. Typically 18.
What is the legal implications of a signature?
It is a form of identity and consent to a transaction or means of legality in terms of being bound to the contents the signature applies to.
Will israel win the war against Hamas?
Since the answer is in the future, which nobody can see, it has to be a matter ofindividual opinion, and you're bound to get different answers from different people.My opinion is: Yes, and everybody else will work themselves up into a hissy snit over it.
What will happen if I don't read the end user license agreement?
Nothing. If you accept it, you will be legally bound by it, regardless of if you read it or not.
Can a plea agreement be changed?
Yes, 'the court' is not bound to accept a plea agreement made between the prosecutor and the defendant.
Which of the amendments to the constitution in India clearly had laid down that the President of India is bound to accept the advice given by the council of ministers?
42nd amendment
What are the laws if wheelchair bound?
they are the same because that would be discrimination which we all know is against the law
Is it legal to spray paint home items in a public egress?
I doubt it, there is bound to be some law against it.
Where do you get the bound warhammer spell in TES IV Oblivion?
there is no bound warhammer spell only bound dagger, bound mace, bound war axe, bound sword(claymor), bound cuirass, bound greaves, bound helmet, bound gauntlets, bound boots, and bound shield
Is it against the law for a police officer to have an out headlight on a police cruiser in Michigan?
They're bound by the same laws anyone else is.
Can the person who obtained a restraining order against you contact your fiance?
What would prevent that? You are bound by the restraining order, not the person who obtained it.
What is an irrevocable offer?
An irrevocable offer is a proposal made by one party to another that cannot be withdrawn or altered for a specified period once it has been communicated. This means that the offeror is legally bound to keep the offer open and must honor it if the offeree decides to accept it within the designated timeframe. Such offers are often used in contractual agreements to provide certainty and assurance to the offeree. The irrevocability may be stipulated in the terms of the offer or required by the nature of the transaction.
What is the past participle of bound?
Bound is the past participle.
