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Amy sells property to Bob subject to an installment note providing Unless sooner discharged, upon Amy's death, all amounts due under this note shall be
Amy sells property to Bob subject to an installment note providing "Unless sooner discharged, upon Amy's death, all amounts due under this note shall be deemed to be extinguished and treated as paid." This note is an example of: Question 8 options: a) Standard installment note. b) A windfall for Bob. c) Private annuity. d) SCIN
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
