Which of the Following Is Central to a Mortgage on Commercial

question 39

Multiple Choice

Which of the following is central to a mortgage on commercial property being taken out by a commercial borrower?

• A) that the bank has a first claim against the land
• B) the morality of the banking institutions lending practices
• C) the agreement on the rate of interest and repayment schedule
• D) a notice to all other creditors of the existence of the new debt

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Definitions:

Innate Response

A built-in reaction to stimuli that an organism is genetically programmed to exhibit, also known as an instinct.

Conditioning Process

The method by which organisms learn to associate different stimuli and behaviors through reinforcement or punishment.

Instinctive Drift

The tendency for animals to revert to instinctual behaviors even after learning new behaviors that contradict those instincts.

Food-Washing Behaviour

A learned or instinctual behavior observed in some animal species where they wash their food in water before eating.