Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Declaring a bankruptcy will trigger automatic stay. This is a condition in which all lawsuit will be stopped as well as the collection activity against the debtor. This blocks the creditors from reacquiring all the items such as cars, etc. It also blocks creditors from suing you and sending you letters asking for payments.
Answer:
It does not
Explanation:
In this question, we are asked to evaluate if a particular transaction carried out between a customer and an inn falls within the dictates of the local consumer protection law in the state.
Firstly, we look at what the local consumer protection law of the state talks about. It explicitly stated that customers should get receipts when suppliers receive deposits from them. Thus, this make the receipt act as the first thing to have if there would be any claim under the consumer protection law for the transaction carried out in the state.
Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available
In order to obtain the change in price, the local price of the yuan must be known. Next is to take the difference of the reciprocal of the two prices, then multiply it to the local price.
The solution is:
change in price = 275 (1/ 6.58 - 1/6.25)
therefore, the change in price is equal to $2.21
