In a deed of trust, the borrower is

a. the trustor.
b. the trustee.
c. the beneficiary.
d. the holder.

Answer: a. the trustor.

Business

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Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data.

ActualResults Flexible BudgetVariance FlexibleBudget SalesVolumeVariance MasterBudgetUnits 1,760 1,700 Revenues$103,840 $1,760U A B Variable costs C $47,600 Fixed costs$20,700 Operating income$44,350 D $25,000 The amount D (to the nearest dollar) is:

Business

If a lender releases an original borrower from his liability for a mortgage, the substitution must be evidenced by an agreement called a/an:

a. Acceleration clause b. Power of sale clause c. Satisfaction piece d. Novation

Business