Quiz 8 - March 2006 - Rooks - Quiz 8 Principles ECC Donna...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Quiz 8 – Principles ECC – Donna Grogan 1. The practice of purchasing real estate using a small amount of your own money and a large portion of borrowed funds is known as: A. hypothecation. C. amortization. B. Ieverage. D. alienation. 2. The basic instrument used to evidence an obligation or debt is a: 3. Which of the following liens are NOT eliminated by a foreclosure sale? 4. A person who takes a negotiable instrument from another with no knowledge of defect is called a(n): 5. A clause in a financial instrument that allows a lender to demand immediate payment of the entire note balance is known as a(n): A. acceleration clause. C. assumption clause. B. damage clause. D. demand clause.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '11
  • hadley
  • C. Alienation clause, A. acceleration clause, A. Subordination clause, C. assumption clause, D. demand clause

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern