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Author Question: The following language appears in a mortgage: In the event the buyer sells, transfers or assigns the ... (Read 153 times)

MirandaLo

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on: Jun 24, 2018
The following language appears in a mortgage: In the event the buyer sells, transfers or assigns the property described herein as security for the abovereferenced underlying note, the full balance of the loan then due and owing, including principal, shall become due. The language is an example of:
 A)An acceleration clause.
 B)A balloon payment clause.
 C)A dueonsale clause.
 D)An Anaconda clause.
 E)None of the above

Question 2

A holdover tenant is:
 A) A tenant at sufferance.
 B) A tenant at will.
 C) Under no obligation to pay rent.
 D) None of the above


Missbam101

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

C

Answer to Question 2

A


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MirandaLo

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Reply #2 on: Jun 24, 2018
Thank you


Missbam101

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Reply #3 on: Jun 24, 2018
No problemo


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