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

Author Question: The party who writes or creates a promissory note is called the: A) payee. B)drawee. C)drawer. ... (Read 120 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Jun 24, 2018
The party who writes or creates a promissory note is called the:
 A) payee.
 B)drawee.
 C)drawer.
 D)maker.

Question 2

First Lincoln holds a deed of trust on Ellen Tracy's home (amount secured = 175,000). Ellen has defaulted on her payments. Describe the steps First Lincoln must take to sell the property.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

First Lincoln's trustee must notice a trustee's sale; wait for the statutory period (typical is 90 days) and then hold a sale. Highest bidder gets title.


james9437

  • Member
  • Posts: 568
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Lampreys (sometimes also called lamprey eels) are a family of jawless fish Lampreys (sometimes also called lamprey eels) are a family of jawless fish
The pancreas. This organ sits just below the stomach and is both an exocrine and an endocrine gland. The pancreas. This organ sits just below the stomach and is both an exocrine and an endocrine gland.
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
Which Political Party Dominates? Which Political Party Dominates?
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library