Because most regular checking accounts do not pay interest, you should keep only enough funds in your account to cover anticipated expenses with a small reserve for unanticipated expenses

Indicate whether the statement is true or false.

Answer: TRUE

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Under the Statute of Limitations, a buyer needs to bring a lawsuit for breach of written contract against a seller within:

a. six months b. three years. c. four years. d. five years.

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Dave defaulted on his mortgage in February, In April a carpenter secured a mechanic's lein for work done on the house in March. A judge signed a judgement creating a lien against Dave and all of his real and personal property in June. Dave failed to pay his property taxes due in August. Which takes priority following a court ordered foreclosure of Dave's home?

a. the lien of his mortgage b. the real estate tax lien c. the judgement lien d. the mechanic's lien

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