Why is an acceleration clause considered a harsh provision in a mortgage?
What will be an ideal response?
An acceleration clause gives the mortgagee the right to declare the entire loan amount due immediately if the mortgagor is in default.
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Before the passage of the equitable distribution law in 1980, New York used the ________________ system of property division, under which an asset would presumptively be distributed to __________.
Fill in the blank(s) with the appropriate word(s).
This type of trust is drafted as part of a testator’s will and only becomes effective upon the testator’s death:
a. Intestate trust b. Testamentary trust c. Trustee trust d. Lady Bird trust
When should punitive damages be awarded in a case for intentional infliction of emotional distress involving harmful content on the Internet?
What will be an ideal response?
A person who has the duty of taking care of a person and that person's property is known as:
a. executor. b. guardian. c. trustee. d. trustor. e. None of the above