What clause in a mortgage or trust deed calls for lender's action when the lender's claims have been nullified?

a. Alienation clause
b. Substitution clause
c. Defeasance clause
d. Acceleration clause

Answer: c. Defeasance clause

Business

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Service quality affects customer retention and profit in the numerator and ________ in the denominator of the return on assets equation

A) total income generated B) return on sales C) customer satisfaction D) accounts receivable E) accounts payable

Business

Gerald Tee has a $50,000 property loss. His insurance policy's coverage limit is $35,000, and has a $500 deductible applied to the policy. How much will Gerald collect?

A) $50,000 B) $49,500 C) $35,000 D) $34,500

Business