1. What advantage does an acceleration clause in a note provide to a creditor? 2. Why would...

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1. What advantage does an acceleration clause in a note provide to a creditor?

2. Why would an investor accept a mortgage note on which the maker has already defaulted? Discuss.

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Business Law Today The Essentials

ISBN: 9780357635223

13th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jul 16, 2023 03:12 AM

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1. What advantage does an acceleration clause in a note provide to a creditor? 2. Why would...

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1 The advantage that an acceleration clause in a note gives to a lender or other creditor or investor is the option to sue on the instrument to recove...View the full answer

Business Law Today The Essentials

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