A chattel mortgage is:
A) a pledge of real property
B) security on inventory
C) a general security agreement
D) a lien on personal property pledged as security for a loan
E) an assignment of intellectual property
D
Business
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A deed in lieu of foreclosing is when, instead of foreclosing, the mortgage allows the mortgagor to deed the property to the:
A. investor purchasing the property at the foreclosure sale B. mortgagor's relative C. mortgagee D. real estate agent
Business
Sole proprietorships do not need to comply with laws and regulations that govern how businesses operate
Indicate whether the statement is true or false
Business