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Evan borrowed $100 000 from Joanna.As security for the repayment of that debt, he created a mortgage over Blackacre.Blackacre consists of a piece of land and a house.Explain why is it important to both parties that Blackacre is protected by insurance.
Purchase
The act of buying goods or services, resulting in a financial transaction.
Bill
A document indicating an amount owed for goods or services provided.
Pay Later
A payment arrangement that allows a buyer to purchase goods or services now and pay for them at a future date.
Authorship
The original creation and ownership of content, particularly in literature, art, or scholarly works.
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