Examlex
Which of the following is false regarding certified checks?
Acceleration Clause
A provision in a loan or mortgage agreement allowing the lender to demand payment of the entire loan balance under certain conditions.
Maintenance and Improvement
Activities focused on preserving a property's condition and implementing changes or enhancements to raise its value.
Entitled to Sell
Having the legal right or authorization to sell a particular property or item.
Defaulted
Refers to the failure to meet the legal obligations of a debt, such as not making scheduled loan payments.
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