Examlex
Which of the following statements is NOT a guideline to use when determining the facts about a customer complaint?
Consideration
In contract law, the benefit or value that is exchanged between parties in a contract, making it binding and legally enforceable.
Deed of Trust
A document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) pays the lender according to the terms of a loan.
Mortgage
A loan secured by the collateral of real estate property, where the borrower is obliged to pay back with a predetermined set of payments.
Trustee
A person or firm that holds and administers property or assets for the benefit of a third party.
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