A bona fide purchaser is someone who buys something in good faith and is not held liable if the seller behaves fraudulently. To be considered a bona fide buyer, they must pay for the property, not be aware of any conflicting claims, and not receive it as a gift. If a conflicting claim arises, the […]
Bona fide professional qualifications are necessary skills for a job and provide an exemption for employers from discrimination charges. The Civil Rights Act of 1964 prohibited discrimination based on religion, sex, race, age, and national origin, except when they are bona fide qualifications. Employers can require job applicants to meet other qualifications as long as […]
Actual accounts are ledger accounts that relate to tangible assets and liabilities and are considered permanent accounts. They are classified as real, nominal, or personal, and are used to determine a company’s financial position on the balance sheet. Actual accounts are ledger accounts in a company’s accounting system that relate to tangible assets and liabilities, […]
Fraudulent companies offer free investment seminars with high-pressure selling tactics to attract unqualified investors. To avoid these scams, investigate host companies, ask questions, determine who is sponsoring the seminar, and contact government agencies for information. Determining risk factors and making investment decisions after the seminar can also help avoid scams. There are many fraudulent companies […]
