Chip and Gail have entered into a mortgage agreement where the interest rate is a 3.25% fixed for 30 years, but the loan balance is due in full in 5 years. Into what type of mortgage have Chip and Gail most likely entered?
A. Graduated payment mortgage
B. Fixed rate mortgage
C. Balloon mortgage
D. Adjustable rate mortgage
C
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Sellers tend to be reluctant to make concessions that will reduce the amount of the proceeds they will recover from the sale
A. True B. False
Defamation may be based:
a. Only on a negligent act. b. Only on an intentional act. c. Either a negligent act or an intentional act. d. None of the above.
Patent prosecution refers to a criminal action brought by a federal prosecutor for criminal patent infringement
a. True b. False Indicate whether the statement is true or false
The term "securities" is used to describe:
a. a financial interest in a business. b. only shares of stock in a corporation. c. only a partnership interest in a general partnership. d. only a partnership interest in a limited partnership. e. None of the above