Failure to make an instalment payment will often trigger an acceleration clause,which makes the entire outstanding debt due and payable immediately.

Name: Failure to make an instalment payment will often trigger an acceleration clause,which makes the entire outstanding debt due and payable immediately.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. An acceleration clause allows the lender to demand immediate repayment of the entire outstanding debt if the borrower fails to make an instalment payment.

Failure to Make an Instalment Payment Will Often Trigger an Acceleration