Silence Does Not Indicate Assent to an Offer, Even If

question 24

True/False

Silence does not indicate assent to an offer, even if both parties agree beforehand that this is to be the means of acceptance.

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Definitions:

Securitization

The process of bundling securities and then selling them to big investors.

Balloon-Payment Mortgage

A balloon-payment mortgage is a type of loan that features low initial payments but ends with a large lump-sum payment due at the end of the mortgage term.

Fixed Payments

Regular, equal amounts paid over a specified period until the total amount of debt is paid off.

Security Agreement

A legal document that provides a lender a security interest in a specific asset or property pledged as collateral.