Which statement is incorrect:Question 2Select one:a.The debts due to people include borrowed thingsb.The soul of a deceased believer is suspended to his debt until it is settledc.The debts due to Allah by the deceased include unpaid Zakahd.The debts of the deceased must only be settled if it is written in his wille.Unperformed hajj forms part of the deceased debts

From the Hadith “...Allah’s debts have more right to be paid.” We come to know many points except,Question 4Select one:a.If a person has the money to perform hajj and did not do so until his death, money must be taken from the his's wealth for his hajj to be performed.b.Someone from the family of the deceased should take the responsibility of paying the debts.c.The heritor or other family members are to pay the debt of the deceased.d.As for the one who does not have enough money to pay off his debts and dies while having only the intention of settling them is not sufficient, needs to pay the debts at any cost.e.When anyone dies without paying his debt, it doesn’t become annulled.

Consider the following statements below:       Statement 1: The creditor may bring the appropriate actions to protect and preserve his right only after the fulfillment of the condition.                                   Statement 2: The debtor may recover what he has paid if he believed by mistake that the condition has been fulfilled.1 pointOnly statement 2 is true.Only statement 1 is true.Both statements are false.Both statements are true.

Which of the following statements is FALSE?Video: 5.F. P54-72 (Capital structure with other market imperfections 1)Group of answer choicesC) In an extreme case, the debt holders take legal ownership of the firm's assets through a process called bankruptcy.B) A firm that fails to make the required interest or principal payments on the debt is in default.D) After a firm defaults, debt holders are given certain rights to the assets of the firm.A) Equity holders expect to receive dividends and the firm is legally obligated to pay them.

Which one of the following statements is incorrect?Select one:a.The debt collection is the process of pursuing payments of debts owed by individuals or businesses.b.The process for an attorney to collect amounts owed by clients involves consultations with the attorney, telephone calls to the debtor, drafting and delivery of a letter of demand by registered post and the institution of summons proceedings and service by the Sheriff.c.An organisation that specialises in debt collection is known as a collection agency or debt collector.d.An attorney cannot collect amounts owed to clients of their law practice as a result of legal matters. The attorney practice should make use of a collection agency or debt collector.

The debts of the business are also the debts of the owner(s) is _________ and applies to ________.