MORTGAGE AGREEMENT THIS MORTGAGE AGREEMENT made and entered into this _____ day of July‚ 2012‚ by and between MRS. FEDERINA BALANAY QUINAY‚ the legal spouse of the late Mr. Federico C. Quinay‚ Sr. whose address is at Brgy. Luinab‚ Iligan City‚ hereinafter referred to as the “Mortgagor”; and MRS. AUDI QUINAY LIQUINGAN‚ the legal spouse of Mr. Menard Q. Liquingan whose address is at Ineangan‚ Dupay Del Norte‚ Nueva Vizcaya‚ hereinafter referred to as the “Mortgagee”. WHEREAS‚ the Mortgagor owns
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CHATTEL MORTGAGE A chattel mortgage is an accessory contract by virtue of which personally property is recorded in the Chattel Mortgage Register as security for the performance of an obligation. (Art. 2140‚ NCC) A chattel mortgage is not a conditional sale (Serra vs. Rodriguez‚ 56 SCRA 538.) It’s a security; an accessory contract where personal property is mortgaged as security for the performance of an obligation (Art. 2140‚ Civil Code.) A chattel mortgage is a conditional sale of personal
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Sara Lee Corp Sara Lee operates as a global manufacturer and marketer of brand-name packaged foods and household products. Their products are distributed in grocery stores‚ drug stores‚ and food-service outlets. In February 2005‚ the firm embarked on mission to centralize and streamline its organization. Several less profitable business segments and brands were divested. Although Sara Lee owns well-known brands such as Sara Lee‚ Hillshire Farms‚ and Jimmy Dean‚ its products are segmented‚ making
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Organization Development Paper on Daewoo Debacle a Tale of Riches to Rags (A Classic example of Chaebol‚ and its failure) Submitted to: Prof. Jatin Christie By Sumita Banerjee Roll No. B-04 The Rationale of the choice of topic and the company In 1999‚ the Daewoo Group‚ one of the biggest transnational conglomerates‚ collapsed‚ committing a staggering $15.3 billion in accounting fraud in the process‚ the largest in world history. In 2006‚ its chairman was sentenced to eight years in prison
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debt-to-income ratio present any mortgage credit availability issues? (Narrative) I believe that limiting an applicant’s debt-to-income ratio could present mortgage credit availability issues. Limiting an applicant’s debt-to-income ratio ultimately means limiting the amount of debt someone can take on. This in turn limits the level of demand for loans. Over the past few years‚ I have taken a personal interest to the mortgage market. It is evident that many financial institutions are limiting the amount
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ill executed and which caused enormous human damage. The second of the systemic failures is that there is no plan for small business in its moment of need right now. Small business is calling for assistance either in the form of a buyback or of financial assistance. There is a minor component in the existing program‚ but the small business program‚ which was promised almost two weeks ago‚ is now almost two weeks overdue and today’s statement has come and gone without assistance for those firms which
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Keynesian Economics and the Mortgage Crisis The recent mortgage crisis in the US was unprecedented. It led to a massive clampdown of financial institutions‚ occasioning one of the worst financial melt-downs the US has ever faced (Jaffe‚ 2008). Quite naturally‚ it would be necessary to examine the cause of the crisis in order to draft prophylactic measures that would prevent the same financial disaster in the future. This paper will discuss the events that led to the mortgage crisis. The housing
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airport terminal debacle was a lethal runway crash between two Boeing 747s on Sunday‚ Walk 27‚ 1977 at Los Rodeos Airplane terminal (now Tenerife North Airplane terminal) on the Spanish island of Tenerife‚ one of the Canary Islands. The accident murdered 583 individuals‚ making it the deadliest mishap in flying history. As a consequence of the intricate communication of hierarchical impacts‚ natural preconditions‚ and perilous acts paving the way to this airplane setback‚ the debacle at Tenerife has
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into reverse mortgage options‚ it can be hard to decipher between fact and myth. It is important to understand the aspects of the program to make sure that it is right for you and your situation. Simply‚ a reverse mortgage is a type of loan that provides you with a monthly income‚ a lump sum of cash‚ or a line of credit. Or any combination you wish. It also pays off your existing loan‚ if you have one. So you have no house payment. The monthly income you receive from the reverse mortgage is guaranteed
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Running head: FINANCIAL RATIO ANALYSIS STARBUCKS CORP. Financial Ratio Analysis Starbucks Corporation University of Phoenix FIN/540 Managerial Accounting and Finance Foundations September 19‚ 2011 Financial Ratio Analysis Starbucks Corporation Starbucks Corporation is the global leader in coffee and has a strong entrepreneurial history of product development and branding. Ranked as both a Fortune 500 and Fortune 1000 Best Company to Work For Starbucks employs 116‚357 team members
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