A purchase money mortgage:
A. is always a second mortgage
B. is of shorter duration than institutional mortgages
C. both a and b
Answer: B
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There may be special notice requirements when suing which of the following types of defendants?
A. Lawyers B. Governmental agencies C. Stores D. Bankers
The test to determine whether one is an employee or an independent contractor is:
a. The right to control the work b. The duty to control the work. c. A loyalty test. d. A drug test.
In financing development, some lenders are skittish about the inherent risks involved. Instead, they choose to withhold funding until the project is complete. Such lenders are known as:
A. Construction lenders B. Completion lenders C. Permanent lenders D. Temporary lenders
One who acts with reckless disregard despite constructive knowledge of the possibility of harmcommits
A. an intentionaltort. B. negligence. C. gross negligence. D. a tort of strictliability.