Pacific Bank provides Ogden with a standard mortgage with an unchanging rate of interest to buy a

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Pacific Bank provides Ogden with a standard mortgage with an unchanging rate of interest to buy a home. Payments on the loan remain the same for the duration of the mortgage. This is

a. a fixed-rate mortgage.

b. an adjustable-rate mortgage.

c. an acceleration clause.

d. a violation of the law.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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