« previous next »

Author Question: Article 2 of the Uniform Commercial Code governs negotiable instruments. Indicate whether the ... (Read 112 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Article 2 of the Uniform Commercial Code governs negotiable instruments.
  Indicate whether the statement is true or false

Question 2

With respect to 58, suppose that the foreclosure sale brings 80,000. How will this amount be distributed?
 A)76,000 to the original mortgagor and 4,000 for costs
 B)A split of the 80,000 on a pro rate basis between the costs, the original mortgagee, and the second mortgagee
 C)A split on a pro rate basis among the contractor and the two mortgagees
 D)The original mortgagee receives a portion of the 80,000 or 80,000/92,000With respect to 58, for Questions 60 - 64, suppose that the foreclosure sale brings 110,000, how much will each party receive?


JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Sterilizing Instruments in an Autoclave Sterilizing Instruments in an Autoclave
Gynecological instruments: Bowles obstetrical stethoscope. Gynecological instruments: Bowles obstetrical stethoscope.
Orthopedic instruments. Orthopedic instruments.
A medical assistant using the proper technique when passing instruments to the physician. A medical assistant using the proper technique when passing instruments to the physician.
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Genomes Using Modifications of the Universal Genetic Code Genomes Using Modifications of the Universal Genetic Code
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library