Question
Which of the following is not true about a Promissory Note? Encumbers the real estate as the security or collateral for a loan Creates an
Which of the following is not true about a Promissory Note?
| Encumbers the real estate as the security or collateral for a loan
| ||
| Creates an obligation to repay a loan under specific terms
| ||
| May be recourse or non-recourse to the borrower
| ||
| A technical default can result from failure to pay property taxes |
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
