Consequential damages arise from circumstances outside a contract

Indicate whether the statement is true or false

TRUE

Business

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__________________ lien attach only to specific real or personal property.

Fill in the blank(s) with the appropriate word(s).

Business

A borrower obtained a $7,000 second mortgage loan for 5 years at 6 percent interest per annum. Monthly payments of principal and interest were $50. The final payment included the remaining outstanding principal balance. What type of loan is this?

A) A fully amortized loan B) A straight loan C) A partially amortized loan D) An accelerated loan

Business