A lender is using both a note and a mortgage when making a loan. What is similar about there documents?
A. Both are non-negotiable instruments.
B. Both are debt releasing instruments.
C. Both are contracts.
D. Both contain a defeasance clause.
Answer: C. Both are contracts.
Business
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When a member ______________, they lose the right to participate in the management and act as an agent for the LLC. The duty of loyalty terminates, duty of care continues only for things that happened while a member, has the right to have interest in the LLC bought out by the other members.
Fill in the blank(s) with the appropriate word(s).
Business
A(n) ________ is a graphic depiction between the maturity and rate of return for bonds with similar risks
A) yield curve B) supply function C) risk-return profile D) aggregate demand curve
Business