Joshua recently purchased a new home. His lender required him to purchase credit life insurance on the loan in the event that he died before the mortgage is paid off
What is the loan clause that allows his lender to require him to purchase this additional insurance.
A) Insurance agreement clause
B) Default contingency clause
C) Early payment clause
D) Recourse clause
E) None of the above
Answer: A
Business
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If the eventual highest and best use of a parcel of real estate cannot be realized for a period of time, the current use is referred to as the:
a. temporary use b. current use c. less than highest and best use d. interim use.
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According to the Direct Marketing Association, about 60 percent of direct marketing expenditures are spent on retaining current customers
Indicate whether the statement is true or false
Business