Jesse Purchases Erica's House and in So Doing Assumes the Mortgage

question 78

Multiple Choice

Jesse purchases Erica's house and in so doing assumes the mortgage. Which of the following is true?

• A) Only Jesse is personally liable to pay the mortgage.
• B) Only Erica is personally liable to pay the mortgage.
• C) Erica and Jesse are both personally liable to pay the mortgage.
• D) Erica is liable only if Jesse defaults on paying the mortgage.

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Definitions:

Deviation IQ Scores

A method of calculating IQ by comparing an individual’s test score with the average scores of others in the same age group.

Raw IQ Scores

The initial, unadjusted scores obtained directly from IQ tests before any age-related adjustments or standardization.

Normal Distribution

A statistical function that represents the distribution of many types of data; most values are centered around a mean value, creating a symmetrical bell-shaped curve.

Creative Intelligence

The ability to solve novel problems and think in new and inventive ways.