Which of the following refers to a situation in which the creditor takes the collateral, discharges...

Which of the following refers to a situation in which the creditor takes the collateral, discharges the debtor, and has no right to seek any deficiency?

a) Exoneration

b) Blockbusting

c) Subrogation

d) Judicial sale

e)Strict foreclosure

Solutions

Expert Solution

Which of the following refers to a situation in which the creditor takes the collateral, discharges the debtor, and has no right to seek any deficiency?

Answer = e)Strict foreclosure

The basis of a strict foreclosure is the lender owns the property until the borrower has paid the lender the amount of the note in full
if the borrower defaults at anytime the lender has the right to reclaim their property.

keosha answered 1 year ago

Next > < Previous

Related Solutions

which of the following terms refers to a situation in which fluid is trapped in a...

which of the following terms refers to a situation in which fluid is trapped in a body cavity and is no longer available as circulating blood volume? a) Dehydration. b) Third-soacing. c) Hypovolemia. d) water retention

8- Which of the following is NOT one of the ways in which a creditor may...

8- Which of the following is NOT one of the ways in which a creditor may perfect a security interest in the collateral? Filing a financing statement. All of these are ways a creditor may perfect a security interest in the collateral. Filing a termination statement. Taking possession of the collateral 9- Consumer goods, equipment and inventory are all examples of ____________ personal property. tangible retained intangible unsecured 10- When an employer treats an entire group of people less favorably...

1. You mention that an investor takes on the role of the creditor in securitization. How...

1. You mention that an investor takes on the role of the creditor in securitization. How does this work with servicers involved? Does the investor initiate collection action themselves, or do they need to go through the servicer? 2. Small investors coming into play with securitization - did you find a certain example or scenarios when these companies can get involved with this process?

10. The free-rider dilemma refers to a situation in which an individual can consume a good...

10. The free-rider dilemma refers to a situation in which an individual can consume a good or service without having to pay for it. True/False? 15. The Great Depression Multiple Choice was the most severe recession since the Civil War, even though it lasted only 18 months. was a severe and prolonged reduction in output and employment for the United States during the 1930s. was a severe and prolonged reduction in output and employment for the United States during the...

2) X-inefficiency refers to the situation in which: A) highly competitive firms have less incentive to...

2) X-inefficiency refers to the situation in which: A) highly competitive firms have less incentive to minimize their costs of production than other firms because the highly competitive firms have almost no chance to earn above-average profits. B) firms are unable to minimize their costs of production because there is no potential for input substitution. C) firms that use labor-intensive production methods tend to be less efficient than firms that use capital-intensive production methods. D) firms with market power have...

Which is CORRECT about information asymmetry and adverse selection Information asymmetry refers to the situation when...

Which is CORRECT about information asymmetry and adverse selection Information asymmetry refers to the situation when buyers have more information on the product than the sellers. Information asymmetry is the result of adverse selection. In a used car market, if sellers with good cars are unwilling to sell at a large discount, then only bad cars will get sold. This suboptimal outcome is so-called “adverse selection”. Due to information asymmetry, market investors interpret firm’s SEO announcement positively because they believe...

5. Which of the following is the factor leading to credit crunch? a) When collateral value...

5. Which of the following is the factor leading to credit crunch? a) When collateral value is decreasing b) Excess amount of credit available in an economy (credit bubble) c) Unexpected change in government regulation raising capital requirement d) Abrupt increase in insolvency risk in banking industry e) All of the above 6. Which of the following relates to the adverse selection problem related to the banking industry? a) Bank A invested heavily into a high-tech industry with the expectation...

Which of the following corporate bonds represents a general creditor claim on the firm’s assets? The...

Which of the following corporate bonds represents a general creditor claim on the firm’s assets? The Securities and Exchange Commission is the largest state regulator of securities markets. true or false

A steam engine takes in superheated steam at 270 degree Celsius, and discharges condensed steam from...

A steam engine takes in superheated steam at 270 degree Celsius, and discharges condensed steam from its cylinder at 50 degree Celsius. The engine takes 50 kJ heat from the hot steam per cycle and does 15 kJ of work per cycle. (a) Whats the efficiency of the engine? (b) If someone claims that 60 kJ heat were taken in per cycle by another engine operating at these same temperatures and the engine can generate 30kJ work per cycle, do...

Which of the following refers to a statute which specifies the time period in which a...

Which of the following refers to a statute which specifies the time period in which a person must bring a lawsuit? Group of answer choices a. statute of frauds b. statute of claims c. statute of limitations d. statute of estoppel

Subjects