IF they spend more than they can afford
If they cannot pay back their loans at all
If they cannot pay back their loans on time
hope this helps
A mortgage clause that states that the mortgage is due and payable upon certain conditions, such as the non-payment is the option(d) i.e, the Acceleration clause.
<h3>What is
a mortgage clause?</h3>
A provision in an insurance policy (such as a fire insurance policy) that allows the designated mortgage to receive payment for property damage or loss.
There are different types of clauses:
- Acceleration clause
- Due-On-Sale clause
- Prepayment Penalty clause
- Subordination clause
- Release clause
If the borrower breaches the conditions of the agreement, an acceleration clause in a mortgage or trust deed states that the entire obligation is payable immediately. Additionally, it will specify the circumstances under which a lender may request full loan payback. For instance, home loans frequently feature an acceleration provision that kicks in after a certain number of missed payments.
Most of the time, it is harmful to accelerate a loan. Typically, it denotes that the borrower has fallen behind on payments or broken the terms of the agreement, and the lender is requiring prompt repayment of the whole loan balance to avoid foreclosure.
To know more about mortgage clause refer to: brainly.com/question/13964240
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no then you would get in trouble, but then again it would be nice for you to do it fir him. tell the boss that he needed to go do something if he gets cureas.(can't spell)
no entendi nadita pero que larga tu prwgunta
Answer:
The amount should Constance Corporation report as inventory in its December 31, 2021, balance sheet is $194,920
Explanation:
Cost of sales return to be included in inventory
= [$566,000 × 15 % × (100 % - 20 %)]
= $67,920
Corporation report as inventory in its December 31, 2021 :
Inventory based on physical count $133,000
Add : Merchandise purchased shipped f.o.b $23,000
Less : Goods held on hand for Jess Company on consignment. ($29,000)
Add : Cost of sales return $67,920
Corporation report as inventory in its December 31, 2021 $194,920
