Examlex
Rangu read in the newspaper that he could receive a free month's cable television service if he would agree to use the service for three years. The ad had no other stated restrictions and appeared to apply to the entire county in which Jackson lived. When Rangu went by the cable television office, the salesperson there told Rangu that his area of the community was not eligible for the free month offer. If he wanted cable, he had to pay $400 to have the cable service brought to his house. Rangu experienced a problem with:
Foreclosure Action
A legal process by which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments.
Right of Action
The legal right to sue or pursue litigation in order to enforce or defend a right or claim.
Equity of Redemption
The right of a mortgagor to redeem their property once the debt secured by the mortgage is fully paid.
Foreclosure Proceedings
Legal processes initiated by lenders to seize and sell property when borrowers fail to repay their mortgage loans.
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