This topic contains a solution. Click here to go to the answer

Author Question: The tort statutes of limitations tend to be __________the UCC statute of limitations. A) shorter ... (Read 154 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
The tort statutes of limitations tend to be __________the UCC statute of limitations.
 A) shorter than
 B)longer than
 C)equal to
 D)excluded by

Question 2

Zack Peyton borrowed 398,000 from Fifth First Bank to purchase a new home. Zack gave First Bank a mortgage on his home. The mortgage was recorded on January 3, 2014. Zack had made a down payment of 42,000. When Zack moved in, he purchased an in-ground swimming pool from Paddock Pools for 35,000. Zack paid Paddock 4,000 and Paddock financed the remaining amount for him, recording a mortgage for 29,000 on February 26, 2014. Zack needed window coverings, landscape, and some new furniture. Wells Fargo gave Zack a 150,000 home equity line of credit, secured by a mortgage on Zack's home for 150,000. Wells Fargo recorded the home equity credit line mortgage on February 1, 2014. Zack, because of a bonus at work, did not draw on the line of credit until June 10, 2015, using 25,000. The economy went south somewhere around September 2015. The value of Zack's home dropped by almost 50. Zack lost his job. He could no longer make his payments. Fifth First Bank served Zack with a notice of foreclosure on November 1, 2015. Suppose that Tommy Tonita purchased the Zack home at a foreclosure sale. Tommy paid the 220,000. What type of document would Tommy receive at the foreclosure sale?
 A)A warranty deed
 B)A special warranty deed
 C)A sheriff's deed
 D)A bargain and sale deed



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

A

Answer to Question 2

C




gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
Excellent


31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

For a complete list of videos, visit our video library