A promissory note and deed of trust are given to a seller to finance the purchase of vacant land. The buyer will place a construction loan on the land. The deed of trust will most likely contain:
a. an alienation clause.
b. a subordination clause.
c. an acceleration clause.
d. a due-on-sale clause.
Answer: b. a subordination clause.
Business
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Fill in the blank(s) with the appropriate word(s).
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Whereas stabilization copying processes are especially suited for copying photographs, diazo processes are suited for making copies of architectural and engineering drawings
Indicate whether the statement is true or false.
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