In the Case of ________,After the Foreclosure,the Proceeds of the Sale

question 42

Multiple Choice

In the case of ________,after the foreclosure,the proceeds of the sale are applied to the payment of the mortgage debt,and any surplus is paid over to the mortgagor.

• A)strict foreclosure
• B)foreclosure by action and sale
• C)accommodative foreclosure
• D)foreclosure by redemption

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Definitions:

Face-To-Face Encounter

A personal interaction between two or more people in the same physical location, often for business or social purposes.

Sales Management

Planning the selling program and implementing and evaluating the personal selling effort of the firm.

Selling Program

A planned set of activities and strategies designed to successfully sell a product or service to a target market.

Personal Selling

The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.