The Delegates to the Constitutional Convention Were,for the Most Part

question 74

Multiple Choice

 The delegates to the Constitutional Convention were,for the most part 

• A) the same people who had written the Declaration of Independence. 
• B) rich. 
• C) intellectuals. 
• D) young, but experienced. 
• E) soldiers and veterans of the Revolutionary War.

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Definitions:

Mortgagor

A mortgagor is an individual or entity who borrows money to purchase property and pledges that property as security for the loan.

Mortgagee's Interest

The financial interest a lender has in the property serving as collateral for a loan until the mortgage is fully repaid.

Mortgagee's Claim

A claim made by the lender or mortgage holder for payment of the outstanding loan balance from the proceeds of a foreclosure sale.

Due On Sale Clause

A provision in a mortgage allowing the lender to demand full repayment if the property is sold.