The clause in a mortgage which states the mortgage is void after the note has been paid in full is called the:

A. Defeasance clause.
B. Alienation clause.
C. Acceleration clause.
D. Subordination clause.

Answer: A. Defeasance clause.

Business

You might also like to view...

In the stilted language of auto policies, the "second party" in an accident is

A) you. B) the driver of the other car. C) the passenger in your car. D) your insurer.

Business

Trade as a percentage of GDP is used to measure a country's market receptivity

Indicate whether the statement is true or false

Business