A Technical Default Can Result from Failure to Keep the Property

question 40

True/False

A technical default can result from failure to keep the property in repair.

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Definitions:

Takings Clause

The Fifth Amendment states that “private property [shall not] be taken for public use, without just compensation.” This clause has been incorporated within the Fourteenth Amendment due process, so it also applies to the states.

Fifth Amendment

is an amendment to the U.S. Constitution that provides several protections for people accused of crimes, including protection against self-incrimination and double jeopardy, and ensures due process.

Article V

Depending on context, this could refer to various legal or constitutional provisions, but generally involves rules for amendment or alteration of a document or organization's governing principles.

Constitution Laws

Body of law which defines the relationship of different entities within a state, namely, the executive, the legislature, and the judiciary.