In Which of the Following Circumstances Will an Original Mortgagor,who

question 42

Multiple Choice

In which of the following circumstances will an original mortgagor,who has allowed its mortgage to be assumed by a new buyer,be held liable under the assumed mortgage?

• A) if there is a deficiency in assigned insurance proceeds
• B) if the original mortgagor agrees to pay a penalty for lost interest
• C) if the new buyer defaults under the terms of the mortgage
• D) if the lending bank assigned the mortgage to another financial entity

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The expense incurred by an entity to promote its products, services, or brand through various media channels.

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Machinery and tools used in the manufacturing process to produce finished goods.

Factory Supervisor

A role responsible for overseeing the operation of a manufacturing facility, including managing employees and ensuring production targets are met.

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All indirect costs associated with the production process, including but not limited to salaries and utilities.