Choose the One Most Appropriate Answer for Each

question 18

Multiple Choice

Choose the one most appropriate answer for each.
-a judgment against a borrower if the sale of a mortgaged property at foreclosure does not bring enough to pay the balance owing

• A)acceleration clause
• B)alienation clause
• C)assumption
• D)chattel mortgage
• E)deed of trust
• F)defeasance clause
• G)deficiency judgment
• H)equitable mortgage
• I)equity of redemption
• J)first mortgage
• K)foreclosure
• L)junior mortgage
• M)mortgage
• N)mortgagor
• O)partial release
• P)power of sale
• Q)promissory note
• R)public auction
• S)subject to
• T)subordination

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Definitions:

Violators

Individuals or entities that break or fail to comply with laws, rules, or regulations.

Jury

A group of people sworn to render a verdict or true answer on a question or questions officially submitted to them in a court of law.

Stamp Act

A British law enacted in 1765 requiring a tax in the form of a stamp to be paid on a wide array of documents and printed items in the American colonies.

Prime Minister

Refers to the head of government in many countries, typically the leader of the majority party in the legislature, who oversees the administration of government policies.