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Author Question: Bruce agrees to buy Joe's ranch. They draw up a note, under which Bruce is to pay Joe in three ... (Read 316 times)

yoooooman

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on: Jun 24, 2018
Bruce agrees to buy Joe's ranch. They draw up a note, under which Bruce is to pay Joe in three installments, each payable on a specified date. Joe has concerns about Bruce's ability to pay on time, so he insists that the note include an acceleration clause. Such a clause would allow Joe to:
 A) accelerate the sale of the ranch.
 B)demand payment of the entire amount Bruce owes him if a certain event occurs.
 C)extend the date of maturity on the note until a certain date in the future.
 D)accelerate the statute of limitations in a case involving negotiable instruments

Question 2

Escrow instructions need not be in writing to be enforceable.
  Indicate whether the statement is true or false


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momolu

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

B

Answer to Question 2

FALSE


yoooooman

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Gracias!

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