Vigo Has Agreed to Buy a House and He Is

question 10

Multiple Choice

Vigo has agreed to buy a house and he is about to sign a mortgage contract with the Bank of Sanguis.Which of the following should Vigo not expect to see?

• A)A term stating that if Vigo misses a single payment, he must immediately repay the full amount of the loan.
• B)A term, called a bonus, that entitles to Vigo skip the final instalment on the loan if he repays the other instalments early.
• C)A term indicating that the bank is entitled to receive money to pay taxes.
• D)A term requiring fire insurance on the property.
• E)A term prohibiting Vigo from cutting down the trees on the property.