Examlex

Solved

A Long-Term Note That Pledges Title to Specific Property as Security

question 109

True/False

A long-term note that pledges title to specific property as security for a loan is known as a mortgage payable.


Definitions:

Married Couple

Two individuals united in marriage, legally recognized as partners in a personal relationship, with specific rights and obligations.

Headed

The act of leading or being in charge of an organization, group, or project.

Self-esteem

Refers to a person's overall sense of personal value or self-worth.

Negative Sides

Aspects or characteristics of a situation, decision, or phenomenon that are unfavorable or detrimental.

Related Questions