Which of the following statements about self-canceling installment notes is not correct? A. Buyer pays a premium

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Which of the following statements about self-canceling installment notes is not correct?

A. Buyer pays a premium for the seller taking on the mortality risk.

B. Buyer’s remaining payments are canceled at the seller’s death.

C. Seller has no estate inclusion of the remaining payments.

D. Seller pays a premium for the buyer’s mortality risk.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 08, 2024 02:01 AM

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Which of the following statements about self-canceling installment notes is not correct? A. Buyer pays a premium

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The correct answer is D Seller pays a premium for the buyers mortality risk A selfcanceling installm...View the full answer

Essentials Of Personal Financial Planning

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