A signed release to substitute a new mortgagor for the original mortgagor is called:

a. A novation
b. A mortgagee
c. An assumption
d. An estoppel certificate

Answer: a. A novation

Business

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A person has been in possession of a property for a log time without the owner's consent. That person's rights have been determined to supersede those of the see simple owner. This method of acquiring title to real property is an example of:

A. Escheat. B. Homestead. C. Eminent domain. D Adverse possession.

Business

In the following example, which type of B2B model is being used?

To acquire a new book inventory, we talk to our warehouse. The buyer (the book store) browses the supplier's (the warehouse) book list and places orders for books. In our case, we have a local copy of the books that the warehouse stocks. The warehouse compiles book lists from many publishers and provides the compiled list to retailers. Retailers then search for books using this one access point, instead of searching over many lists. The warehouse would then fulfill the orders made by buyer. (a) Intermediary-oriented. (b) Supplier-oriented. (c) Buyer-oriented. (d) None of the above.

Business