1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gavmur [86]
3 years ago
7

In one state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equit

able title to real property. If the borrower defaults on the loan, the lender must go through formal foreclosure proceedings to recover the debt. This state can be BEST characterized as what kind of state?
Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

LIEN THEORY

Explanation:

Based on the scenario being described it can be said that this state is a lien theory state, in which the court is enlisted to order and oversee the foreclosure procedure. In such a state, the buyer/borrower holds the deed to the real estate property until the mortgage expires and promises to make the mortgage payments that were previously agreed upon in the financial agreement.

You might be interested in
How does a deductible affect insurance?
Alex73 [517]

The deductible is the amount a person must pay before their insurance will start to pay. For instance, say you have a $1,000 deductible on your car and you have a wreck that causes $3,000 worth of damage. the driver would have to pay the $1,000 first and then the insurance will help cover the other $2,000 at the rate the policy stipulates.

As for pricing, the insurance policies with higher deductibles (meaning the subscriber pays more for losses), the insurance premium would be cheaper than those policies with a smaller deductible.

6 0
3 years ago
It is possible to use a decision making process for any decision.
loris [4]
I think so, but there may be some exceptions--if any.
6 0
3 years ago
Read 2 more answers
Amy currently volunteers at her local hospital. She would like to one day
Lyrx [107]

Answer:

C

Explanation:

C focuses on health care careers it makes the most sense if she wants to be a doctor.

7 0
3 years ago
Read 2 more answers
Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks
ikadub [295]

Answer:A,B,E,F

Explanation:

Just took the test

5 0
3 years ago
Parker is a sales representative for Kashi. Each week he uploads his plans for visiting clients out in the field to a routing an
Montano1993 [528]

Available options:

A. determine the sequence in which customers will be called on.

B. use existing transportation facilities.

C. minimize non-selling time.

D. determine duration of sales calls.

E. provide salespeople with an opportunity to plan their own routes and schedules

Answer:

Option C. Minimizing non-selling time.

Explanation:

The reason is that sales reps must lower their non selling time as this makes them inefficient for the company and would also increase their loss of time and commission. So every sales representative acknowledges his primary goal to decrease the non selling time which means he is trying to make sale.

4 0
4 years ago
Other questions:
  • In 2008, at the depth of the great recession, the fed moved toward a zirp policy when it aimed to keep the federal funds rate be
    5·1 answer
  • Kenneth, the plant manager, was talking with another manager about Brendan, the lead engineer in the corporate R & D departm
    14·1 answer
  • Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causin
    5·1 answer
  • Economic water scarcity is caused by _____. climate and geography limits hot dry climates political and financial choices
    10·2 answers
  • Which of the following documents cannot be created using the Microsoft® Word® application?
    10·2 answers
  • If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest rate is 10%, compounded contin
    13·1 answer
  • Axe company sponsors a 401(k) profit sharing plan with no employer match, but the company did make noncontributory employer cont
    11·1 answer
  • The subcontracting or contracting out of activities to external organizations that had previously been performed by the firm is
    15·1 answer
  • During an interview, _______________questions require you to use your own experiences and attributes to craft answers and often
    10·1 answer
  • Waterhouse Company plans to issue bonds with a face value of $503,500 and a coupon rate of 8 percent. The bonds will mature in 1
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!