A Credit Arrangement That Has No Extra Costs and No

question 41

Multiple Choice

A credit arrangement that has no extra costs and no specific repayment plan is called

• A)installment sales credit.
• B)incidental credit.
• C)line of credit.
• D)single lump-sum credit.
• E)revolving check credit.

---

Definitions:

Profit a Prendre

A right granted to an individual to take resources, such as minerals, fish, or timber, from the land of another.

Dominant Tenement

In property law, the estate that benefits from an easement that burdens a neighboring estate (the servient tenement).

Estate in Land

A legal interest or right in a property, determining the duration and nature of ownership.

Fee Simple

A legal term referring to the most extensive ownership interest in land that one can possess, which is unlimited in duration, inheritable, and not subject to any restrictions.