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Author Question: The party who writes or creates a promissory note is called the: A) payee. B)drawee. C)drawer. ... (Read 115 times)

james9437

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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.


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SamMuagrove

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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

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

ryhom

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Reply 3 on: Yesterday
Wow, this really help

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