Which of the Following Is NOT a Minimum Mortgage Requirement

question 45

Multiple Choice

Which of the following is NOT a minimum mortgage requirement?

• A)Description of the property
• B)Covenant of warranty
• C)Prepayment clause
• D)Covenant of seizin

---

Definitions:

Income Elasticity

Measures how the demand for a good or service changes relative to a change in consumers' income levels.

Bagels

A dense bread product, often shaped into a ring, made from dough that is boiled before it is baked.

Demand Function

A mathematical model expressing the quantity demanded of a good or service as a function of its price, and possibly other factors.

Demand Function

A mathematical relationship expressing the quantity of a good or service demanded as a function of price.