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[Defaulted Loan] Bruce wanted to open his own restaurant, The Burger Bar, and called his friend Janet for a loan. Janet orally agreed to loan Bruce $200,000. The agreement was not put into writing. Two years later, the loan was never repaid and is in default. The Burger Bar is bankrupt and Janet decides to sue Bruce in his individual capacity.
-If Janet sues Bruce in his individual capacity, what burden of proof would she have to prove her claim?
Trading Investments
Securities bought and sold for the purpose of profiting from short-term price fluctuations.
Parent-subsidiary Relationship
The dynamic between a controlling company (parent) and a controlled company (subsidiary) in which the parent holds a significant amount of the subsidiary's stock.
Cost Method
An accounting method used to value certain investments at their original cost minus any impairment losses.
Comprehensive Income
The total change in equity for a reporting period other than from transactions with owners.
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