The U.S. SupremeCourt is the main source of all law in this country.
Answer the following statement true (T) or false (F)
False
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Corporations
A. may beownedby one or more than oneperson. B. may not be owned by only oneperson. C. must be owned by a person different from the personwho operates it. D. must be owned and operated by the same persons.
A(n) ________ creditor may file a motion for relief from the Automatic Stay if there is very little equity in the collateral or evidence that the debtor will have difficulty continuing to make payments on the loan
Fill in the blank(s) with correct word
The organization of a memorandum of law often depends on the type of legal authorities controlling your case
Indicate whether the statement is true or false
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