Which of the Following Is a Three-Party Instrument

question 18

Multiple Choice

Which of the following is a three-party instrument?

• A) deed of trust
• B) mortgage
• C) both a deed of trust and a mortgage
• D) neither a deed of trust nor a mortgage

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Definitions:

Foreign Aid

An international transfer made on especially favorable terms for the purpose of promoting economic development.

Domestic Charities

Organizations within a country that are established for philanthropic reasons, focusing on local or national issues and causes.

Unilateral Transfers

transactions in which something of economic value is provided by one party to another without receiving anything in exchange, such as foreign aid or remittances.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world’s nations and marked by significant battles, genocides, and the eventual victory of the Allies.