Which of the Following Allows for Price Increases Based on the Cost-Of-Living

question 133

Multiple Choice

Which of the following allows for price increases based on the cost-of-living index or some other formula?

• A)price-shading index
• B)factorial clause
• C)escalator price clause
• D)inelastic demand index

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Definitions:

Collateral Mortgage

A type of mortgage where the borrower offers property as security for the loan, beyond the purchased property itself.

Foreclosure Proceedings

The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, usually leading to the seizure and sale of the borrower's property.

Registered Discharge

The process of officially recording the removal of a legal claim or lien against an asset, typically property.

Priority

The established order of importance or urgency, often used to determine the precedence of claims or rights.