Solved

Quiang's Mortgage Contract Contains a Provision That Default on an Installment

Question 38

True/False

Quiang's mortgage contract contains a provision that default on an installment makes the entire unpaid balance of the debt immediately due, permitting foreclosure.Such a provision is illegal and cannot be enforced.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents