Which of the following clauses in a mortgage allows a mortgage to proceed with a foreclosure sale without having to go to court first?
A. Acceleration.
B. Power of sale.
C. Due of sale.
D. Defeasance.
Answer: B. Power of sale.
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Form 706, United States Estate Tax Return, was filed for John Doe in 2016. His gross estate tax was $250,000. Which group of credits is allowable in computing his net estate tax?
A. Applicable credit amount and marital deduction credit. B. Credit for foreign death taxes and credit for taxes paid on prior transfers. C. Credit for funeral expenses and credit for charitable contributions. D. Credit for gift taxes and credit for casualty and theft losses.
Each of the following is a true statement regarding e-payment methods except
A) to succeed, special payment methods, such as e-cash, must be well-known. B) e-payment methods that require the payer to install specialized components are less likely to succeed. C) if the risk for the payer is higher than the risk for the payee, then the payer is not likely to accept the method. D) for B2C e-payments, credit cards are the standard due to their ease of use.