In a deed of trust transaction, when a trustee sells the property and the proceeds generate a surplus, it ________.
A. is paid to the trustee
B. is paid to the borrower
C. is paid to the lender
D. goes to the state
Answer: B
You might also like to view...
Financial reporting for a special-purpose local government depends on whether that government is engaged in governmental-type, business-type or fiduciary-type activities.
Answer the following statement true (T) or false (F)
State why sales forecasts are important and Identify the sales forecasting methods outlined in the text.
What will be an ideal response?
North Carolina enacts a statute that requires a label on a video game to warn parents when "the range of options available to a player include dismem-bering or sexually assaulting the image of a human being.". In a challenge to the statute by game makers, the state asks a federal court to enforce the statute. The state fails to show that the statute is justified by a compelling government
interest or that it is narrowly tailored to serve that interest. The court is most likely to a. hold that the statute is unconstitutional and refuse to enforce it. b. expand the label's warning to include other forms of violence. c. impose market-share liability on makers of violent video games. d. replace the voluntary rating system currently in use.
It is always clear what is ethical in a given situation
Indicate whether the statement is true or false