The Most Common Source of Financing for a Personal Loan

question 42

True/False

The most common source of financing for a personal loan is from a financial institution.

---

Definitions:

Convey

To transfer ownership of property (real or personal) from one party to another.

Intestate Succession

The process by which the property of a deceased person is distributed to their heirs according to the laws of the state when they die without a valid will.

Constructive Eviction

A situation where a landlord's actions or a property's condition effectively force a tenant to move out, thereby breaching the lease agreement.

Furnishes Heat

Providing warmth or heat to a space or environment, typically as a utility service.