The Acceleration Clause Provides That If a Debtor Should Default

question 5

True/False

The acceleration clause provides that if a debtor should default on any particular payment, the entire principal, but not the interest, will become due immediately at the lender's option.

---

Definitions:

Learning Management System (LMS)

A software application for the administration, documentation, tracking, reporting, automation, and delivery of educational courses, training programs, or learning and development programs.

National Guard

A reserve military force that can be activated by the state or federal government for domestic emergencies or overseas missions.

Motion-detection Camera

A camera equipped with sensors that can detect movement in its field of view, triggering recording or alerting the user.

Smart Car

A vehicle embedded with advanced technology that offers greater efficiency, safety, and connectivity compared to traditional cars.