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Application Software Cannot Be Run on Computer Hardware Without Systems

question 16

True/False

Application software cannot be run on computer hardware without systems software.


Definitions:

Mortgagor

The borrower in a mortgage agreement, who pledges property to a lender as security for the loan being taken.

Mortgagee

The lender in a mortgage agreement, typically a bank or financial institution, that holds the property as security for the repayment of the loan.

Equitable Mortgage

A type of mortgage recognized by a court based on the borrower's intent and the lender's interest, even though the formal legal requirements of a mortgage are not met.

Enforceable

Refers to a rule, policy, or agreement that is legally binding and can be upheld or imposed by law.

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