William Buys a $500, 000 House from Keith Geller Through

question 61

Multiple Choice

William buys a $500, 000 house from Keith Geller through a realtor.He makes a down payment of $200, 000.He borrows the rest from Smith and Sons, a lending firm, and places his new house as collateral for the loan.Which of the following is the debtor in this case?

• A)William
• B)Keith Geller
• C)Smith and Sons
• D)the realtor

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Definitions:

Implementation

The process of putting a decision or plan into effect; execution.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals set by an organization or individual to guide actions and measure performance.