A lender lends money to a homeowner and takes legal title to the property as collateral during the payoff period. They are in a: Title theory state
<u>Explanation:</u>
In title theory states, the borrower does not keep the right to the goods while the loan duration. The dealer gives the client/borrower a document to the goods but when the borrower acknowledges the contract for the loan the borrower gives the power back to the contract owner.
The donor then retains ownership to the property, as warranty only, until all loan refunds have been made. During that time the borrower has the power to hold of the property, and the donor delivers the document back to the borrower only after the loan commitment has been satisfied.
This theory is applicable during the taking a house for rent from the homeowner based on agreement.
Answer:
c
Explanation:
consumer behaviour is generally about an individials behaviour relating to preference and purchase of products
<span>Carol's answers were comparable to those given by a group of people with schizophrenia. </span>
Answer:
c. relative poverty.
Explanation:
Relative poverty is an individual or people that earns less than an average household usually about 50% less than an average household.
They do not have access to what every other household posses their salary can only take care of the basics as in the case of James who struggles to pay his house rent from his salary.
This people cannot afford to participate actively in the society just as James could not afford a car or send himself to vacation.
