Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

lender requested that the entire loan balance be paid immediately because the property on which the loan was made had been sold. What clause in

lender requested that the entire loan balance be paid immediately because the property on which the loan was made had been sold. What clause in the mortage loan allows this?O A alienation clauseO B. prepayment clause O C. condemnation clauseO D.defeasance clause

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Renewable Energy Finance Powering The Future

Authors: Charles W. Donovan

1st Edition

178326778X, 9781783267781

More Books

Students also viewed these Finance questions

Question

Explain exothermic and endothermic reactions with examples

Answered: 1 week ago

Question

Write a short note on rancidity and corrosiveness.

Answered: 1 week ago