An abbreviated amortization schedule illustrates that each month more and more of the payment is applied to interest and more and more of the payment is applied to the principal

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: An abbreviated amortization schedule illustrates that each month LESS AND LESS of the payment is applied to interest and more and more of the payment is applied to the principal.

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Under the law, which of the following persons have an obligation to take reasonable care to ensure that a property is safe?

A) the owner B) the occupier C) the provincial government D) the municipality E) the owner's real estate agent

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The court system consists essentially of trial courts and appellate courts. Identify the most accurate statement

a. An appellate court is expected to review errors of factual analysis made by lower trial court juries. b. An appellate court decision only has value as precedent if the highest court makes the decision in the judicial system. c. The trial court judge presides over the trial and determines issues of law, and a jury makes findings of fact. d. A panel of three federal trial court judges hears any dispute where a money damage claim is made in excess of $50,000 . Called small claim diversity suits, the judges are authorized to decide issues of fact and law sans (without) jury.

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