Whose Cash Flow Is Best Described by the Timeline Shown

question 79

Multiple Choice

Whose cash flow is best described by the timeline shown below?

• A)Joe, who puts down $3,500 to buy a car, and then makes annual payments of $1,000
• B)Harry, who borrows $3,500, and then receives an annual payment of $1,000
• C)Karen, who loans a friend $3,500, which friend then pays back the loan in four annual installments of $1,000
• D)Leo, who borrows $3,500, and then pays back the loan in four annual payments of $1,000

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Definitions:

Fraudulent Misrepresentation

The intentional act of making a false statement about an important fact to induce another person into entering a contract or transaction.

Intentional Harm

Deliberate actions taken by an individual or entity that are meant to cause injury or damage to another.

Conversion

In law, the unauthorized act of possessing or controlling personal property belonging to another, effectively converting it to one's own use.

Nuisance

An act, condition, or thing that interferes with the use or enjoyment of property or may be harmful or annoying to others.