Which of the Following Is True

question 98

Multiple Choice

Which of the following is true?

• A)Conventional mortgages require a down payment of twenty-five percent.
• B)Conventional mortgages require a down payment of at least twenty percent.
• C)Land transfer tax is a relatively minor expense in all Canadian Provinces.
• D)Appraisal fees range between $1000 and $2000.

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Definitions:

Witness's Credibility

Refers to the believability of a witness based on their honesty, reliability, and consistency in testimony.

Appellate Court

A higher court that reviews the decisions of lower courts to ensure that the law was applied correctly and justice was served.

Lower Court

A court of law that has limited jurisdiction or authority and is below a higher court in the judicial hierarchy.

Judgment

A formal decision or finding made by a court of law at the conclusion of a lawsuit.