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Which of the Following Statements Is False

question 25

Multiple Choice

Which of the following statements is false?


Definitions:

Homestead Exemption

A legal provision that protects a portion of a homeowner's principal residence from creditors and reduces property tax.

Auction

A public sale in which goods or property are sold to the highest bidder.

Creditor

A party or institution to whom money is owed.

Default

The failure to fulfill an obligation, especially the failure to make payments on a loan.

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