This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Bankruptcy is an official, legal declaration of an individual or business's inability to meet its ... (Read 35 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Aug 3, 2018
Bankruptcy is an official, legal declaration of an individual or business's inability to meet its financial obligations.
 
  Indicate whether the statement is true or false

Question 2

Why is an acceleration clause considered a harsh provision in a mortgage?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Aug 3, 2018
Answer to Question 1

TRUE

Answer to Question 2

An acceleration clause gives the mortgagee the right to declare the entire loan amount due immediately if the mortgagor is in default.


NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Aug 3, 2018
TY


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Aug 3, 2018
You're welcome


« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi
Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv
Infants can segment adult speech into individual words.  Infants can segment adult speech into individual words. 
Business Letter Format and Example. Business Letter Format and Example.
Joris Voorn - Joris Voorn - "Ringo" (Official Video)
Tim McGraw - Humble And Kind (Official Video) Tim McGraw - Humble And Kind (Official Video)
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library