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please as soon as possible, i will upvote nize a loss 7. All of the following are characteristics of mortgage payable except: A) A contractual

please as soon as possible, i will upvote image text in transcribed
nize a loss 7. All of the following are characteristics of mortgage payable except: A) A contractual agreement between owner and a renter that gives the renter the right to use an asset owned by the owner for the agreement term. B) A written promise to pay a stated amount of money at one or more specified future dates. Assets purchased are usually pledged as security or collateral on the loan. D) It generally requires periodic payments of principal plus interest

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