What Is NOT True of Loan Assignments

question 26

Multiple Choice

What is NOT true of loan assignments?

• A)All rights are transferred on sale.
• B)The loan buyer holds a direct claim on the borrower.
• C)Ownership rights are generally much clearer in a loan sale by assignment.
• D)Contract terms are unrestrictive from the seller's perspective.

---

Definitions:

Integrative Negotiation

Integrative negotiation focuses on the merits of the issues; the parties involved try to enlarge the available pie rather than stake claims to certain portions of it.

Emotional Conflict

A state of tension arising from incompatible or opposing emotions, often experienced in situations of difficult decision-making or interpersonal relationships.

Negotiation Pitfall

Refers to common mistakes or traps that can undermine the effectiveness of a negotiation process, leading to less favorable outcomes.

Overconfidence

Excessive confidence in one's own judgment, ability, or the correctness of one’s beliefs, often without adequate reason.