Which of the following is not true about foreclosures?
A. Acceleration clauses violate public policy
B. Mortgagors have a right of redemption to recover the property after default
C. If the proceeds of the sale of the property in a judicial sale are not sufficient to pay the mortgage debt, the mortgagee may seek to obtain a deficiency judgment against the mortgagor
D. The fact that a mortgagor is in default does not always mean the mortgage will be foreclosed
A
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The public policy objectives served by tort law include
A. protecting persons and property from unjust injury. B. allocating losses among different participants in the social arena. C. encouraging minimum standards of social conduct. D. All of these choices.
Which of the following is included in the citation of a published decision??
A. ?The name of the case B. ?The volume number C. ?The abbreviated name of the book in which the case is located D. ?The year E. ?All of these choices are correct.
Which of the following information should appear on the closing statement?
a. That the time for creditors to file claims has expired. b. That the estate has been fully administered, with all taxes and claims having been paid, settled, or disposed of. c. That the assets of the estate have been distributed to those entitled thereto. d. All of the above.
A(n) ________ action is brought when one of the spouses wishes to avoid the legal, social, or religious ramifications of a divorce and wishes to live apart from his or her spouse.
Fill in the blank(s) with the appropriate word(s).