I- If you are free to sell, lease, or use your property as collateral without any limitations on the amount of time you have to do these things.

you are purchasing

a) a land contract

b) estate for years

c) a lease fee estate

d) a fee simple estate

ii- An assumable mortgage is defined by the absence of a(n)

a) exculpatory clause

b) acceleration clause

c) due on sale clause

d) subordination clause