A Clause in a Mortgage Loan Contract Requiring the Borrower

question 8

Multiple Choice

A clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a

• A)proscriptive covenant.
• B)prescriptive covenant.
• C)restrictive covenant.
• D)constraint-imposed covenant.

---

Definitions:

Proportions

The relationship or ratio between different elements or components, often relating to size, quantity, or degree.

Fractions

A mathematical expression representing the division of one quantity by another, indicating a part of a whole number.

Percentages

A mathematical concept representing a part of a whole as fractions of 100.

Ratios

A mathematical relation between two numbers showing how many times the first number contains the second.