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Which of the Following Was Not a Factor That Contributed

question 23

Multiple Choice

Which of the following was not a factor that contributed to the subprime mortgage crisis?


Definitions:

Breach

The violation of a law, obligation, tie, or standard, often referring to the breaking of a rule or agreement in a contract.

Reasonable Time

A legal concept that refers to a time span which is fair and appropriate under the circumstances for performing a contractual obligation or duty.

Warranty of Title

A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed encumbrances against the property or goods.

Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

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