On May 1, 2010, Cynthia Hendrix bought her home and First Bank recorded its mortgage. On June 24, 2012, Cynthia sold her home to Stanton Gulbrandsen for $250,000. At that time, Cynthia's mortgage was $225,000. Stanton assumed Cynthia's mortgage and gave Second Bank a second mortgage for $225,000. Second Bank did not record its mortgage. On October 12, 2014, Stanton sold the home to Derek Bolger
for $275,000. Bolger took the property subject to the previous mortgages and executed a $275,000 mortgage to Third Bank. Third Bank recorded its mortgage on October 18, 2014. Third Bank knew of the Second Bank mortgage. ?Following the sale of the property at foreclosure, whose liability is discharged on the First Bank mortgage?
A)?Cynthia
B)?Stanton
C)?Derek
D)?None of the above
D
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Which of the following conditions does not favor the use of a sample (Table 11.1 in the text)?
A) There are budget and time limit constraints. B) The population is large. C) The cost of nonsampling errors is high. D) The cost of sampling errors is high.
What is meant by the term "stakeholders"?
What will be an ideal response?
HealthTech wanted its research partner, an R&D company, to develop a cancer vaccine. However, the project required huge capital investments, and its research partner was not ready to solely face the risks involved. Thus, to gain its partner's confidence and to prove its involvement, HealthTech invested $100 million in the project. This investment made by HealthTech will result in a
A. cartel. B. corrective action. C. parent-subsidiary relationship. D. credible commitment.
An SLA for jitter should specify a ________
A) maximum jitter B) minimum jitter C) both A and B D) neither A nor B