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Author Question: An accommodation party is a third person who signs an instrument to lend credit to another party to ... (Read 76 times)

jerry coleman

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on: Jun 24, 2018
An accommodation party is a third person who signs an instrument to lend credit to another party to the paper.
  Indicate whether the statement is true or false

Question 2

With regard to 66 above, suppose that Louis and Karen removed their water heater, kitchen cupboards, and toilets. What can the mortgagee do?
 A)Nothing, because they still had title to the property and could take these items because they belonged to them
 B)Report the Morozes to local authorities for prosecution under the walkaway criminal statutes
 C)Nothing, because the mortgagee does not own the property
 D)Declare bankruptcy for the Morozes to recover the items


mariahkathleeen

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


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