Aidan and Nadia Are Parties to a Contract That Allows

question 37

Multiple Choice

Aidan and Nadia are parties to a contract that allows Nadia to enforce an "acceleration clause" (as that term was used in the text) .Which of the following statements is most likely to be TRUE?

• A)Nadia borrowed money from Aidan.
• B)The parties' contract is subject to a condition precedent that requires Aidan to do something (such as arrange financing for the purchase) within a certain period of time.
• C)Nadia is concerned that Aidan may fall into a habit of failing to make loan payments on schedule, so she wanted the right to demand immediate repayment of the outstanding balance if he pays late.
• D)Aidan is indebted to Nadia, but he cannot possibly be a mortgagor.
• E)Nadia is entitled to repay a debt to Aidan more quickly than their contract contemplates.

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