Which of the Following Credit Contract Clauses Requires That All

question 96

Multiple Choice

Which of the following credit contract clauses requires that all remaining payments on an installment debt be paid on demand of the creditor after a specific number of payments are unpaid?

• A)Repossession
• B)Acceleration
• C)Balloon
• D)Prepayment penalty

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Definitions:

Cardiac Unit

A specialized area within a hospital focused on the care of patients with heart conditions, providing treatments and monitoring.

Standing Order

Written instructions authorized by a physician or other medical authority that allows others to perform specific medical procedures under certain conditions.

EKG

A diagnostic tool that records the electrical activity of the heart to identify various heart conditions.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without any need for learning.