Question
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:
a) A windfall for Bob.
b) Private annuity.
c) Standard installment note.
d) SCIN.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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