In A(n)________ Transaction,the Borrower Keeps the Title of His Real

question 39

Multiple Choice

In a(n) ________ transaction,the borrower keeps the title of his real property with a third party and in the event of default,the third party can sell the property so that the creditor can recover his loan.

• A)strict foreclosure
• B)land contract
• C)deed of trust
• D)equity of redemption

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Definitions:

Thorndike

An American psychologist known for his work in educational psychology and the theory of learning based on the principle of reinforcement.

Taste Aversions

A learned negative reaction to a particular taste after it has been associated with illness or discomfort, demonstrating a form of classical conditioning.

Instrumental Conditioning

A type of learning where a behavior is strengthened or weakened, based on the behavior's consequences; also known as operant conditioning.

Nausea-Inducing Drug

A medication designed to provoke nausea as a side effect or for therapeutic purposes.