The Southeastern European Economies2024-02-14Price-based or Target Costing2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Mortgage Law Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. A mortgage involves the transfer of an interest in land as security for a loan or other .......... . responsibility purchase demand obligation Category: business-advanced 2. Normally, a mortgage is paid in .......... that include both interest and a payment on the principle amount that was borrowed. portions increments premiums installments Category: business-advanced 3. Failure to make payments results in the .......... of the mortgage. voiding reclamation foreclosure invalidation Category: business-advanced 4. This allows the mortgagee to declare that the entire mortgage debt is due and payable immediately, accomplished through an acceleration .......... in the mortgage. clause phrase section passage Category: business-advanced 5. In the case of failure to pay the debt, the most common processes to effect seizure and sale are court .......... or grants of power to the mortgagee to sell the property. proceedings cases opinions hearings Category: business-advanced 6. Under the title theory, title to the security interest .......... with the mortgagee goes sits lies rests Category: business-advanced 7. Most states, however, follow the lien theory, under which the legal title .......... with the mortgagor. stands comes remains tends Category: business-advanced 8. Finally, the intermediate theory applies the lien theory until there is a .......... on the mortgage, whereupon the title theory applies. default deficit defalcation defection Category: business-advanced 9. If the mortgage is not the only lien on the property, then state law determines the .......... of the property interests. preponderance preference propriety priority Category: business-advanced 10. The Uniform Commercial Code governs conflicts between mortgages on real property and liens on (personal property attached to a piece of real estate). amenities fixtures furniture facilities Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0