The action through which the mortgage holder takes the property from the mortgagor, ends the mortgagor's rights in the property, and sells the property to pay the mortgage debt is known as:
a. foreclosure.
b. equity of redemption.
c. adverse possession.
d. execution of a deed of trust.
a
You might also like to view...
Which of the following is a form of protectionism?
A) joint ventures B) bribery C) extortion D) collectivism E) local content rules
A study of buying behavior reveals that most people make buying decisions based on:
A) a combination of emotional and rational buying motives B) emotional buying motives only C) rational buying motives only D) social buying motives only E) group theory motives only
Which of the following is the BEST suggestion to follow when refusing a request?
a. Use the inductive approach. b. Provide a vague reason to minimize the receiver's disappointment. c. Use the direct approach. d. Follow the bad news with adequate reasons.
A debit to Sales Returns and Allowances and a credit to Accounts Receivable:
A. Reflects an increase in amount due from a customer. B. Records the cost side of a sales return. C. Reflects a decrease in amount due to a supplier. D. Is recorded when a customer takes a discount. E. Recognizes that a customer returned merchandise and/or received an allowance.