Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation
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B. Repossession Explanation: Repossession is a term used to denote a financial institution taking back an object that was either used as collateral or rented or leased.
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__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : __________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Description : A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

Neither a borrower nor a lender be. Agree?

Description : Neither a borrower nor a lender be. Agree?

Last Answer : Good advice. Either way, you always get burned.

What would the lender do in case the borrower fails to repay the loan? -SST 10th

Description : What would the lender do in case the borrower fails to repay the loan? -SST 10th

Last Answer : If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment.

On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Description : On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Last Answer : a) refund of price

A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above

Description : A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above

Last Answer : B. Convertible Clause Explanation: A provision that can be found on some bonds allowing the bondholder to exchange their debt into common stock.

The unpaid principal balance of a loan on property divided by the asset‟s appraised value is termed as ______ A. Liquidity Adjustment Facility B. Loss Given Default(LGD) C. Loan to Value(LTV) D. Long term liabilities

Description : The unpaid principal balance of a loan on property divided by the asset‟s appraised value is termed as ______ A. Liquidity Adjustment Facility B. Loss Given Default(LGD) C. Loan to Value(LTV) D. Long term liabilities

Last Answer : C. Loan to Value(LTV) Explanation: The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is ... to represent the ratio of the first mortgage lien as a percentage of the total appraised value of real property.

"Conversion" in sales language means ...... 1) converting a buyer into a seller 2) converting a seller into a buyer 3) converting a prospect into a client 4) All of these

Description : "Conversion" in sales language means ...... 1) converting a buyer into a seller 2) converting a seller into a buyer 3) converting a prospect into a client 4) All of these

Last Answer : 3) converting a prospect into a client

The buyer accepts the invoice and acknowledges _______ on the due date a. Seller b. Paying c. Buyer

Description : The buyer accepts the invoice and acknowledges _______ on the due date a. Seller b. Paying c. Buyer

Last Answer : b. Paying

What happens if you make your final mortgage payment but the primary borrower on the mortgage is deceased?

Description : What happens if you make your final mortgage payment but the primary borrower on the mortgage is deceased?

Last Answer : It is not a matter of who is on the note, it is who is on the deed. This would probably change according to state laws. The house might have needed to go into probate upon the holder of the deed’s death. In some states it just automatically goes to the spouse (in the absence of a will.)

A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed is known as a)sale of approval b)hire purchase agreement c) sale d)agreement to sell

Description : A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed is known as a)sale of approval b)hire purchase agreement c) sale d)agreement to sell

Last Answer : d)agreement to sell

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

If there is "buyer beware" is there an equal "seller beware"?

Description : If there is "buyer beware" is there an equal "seller beware"?

Last Answer : answer:In my opinion, an honest person will do the right thing. The only seller beware advice I know of is to disclose whatever defects they know of or risk being sued. When selling houses, there is ... the seller does not disclose the defects they know about in the house and yard, they can be sued.

Can a real estate agent represent both a seller and buyer?

Description : Can a real estate agent represent both a seller and buyer?

Last Answer : I think the same agent can legally represent both the buyer and the seller (although it may also depend on the state-state laws vary), but you'd probably want to get your own real estate agent just ... to cost you any more-both real estate agents are paid based on a percentage of the sale price.

If a buyer wishes to buy, is the seller obligated to sell?

Description : If a buyer wishes to buy, is the seller obligated to sell?

Last Answer : If someone wants my dog there is nothing saying I need to give them my dog.

When will eBay collect the money for the seller and deliver the car to the buyer?

Description : When will eBay collect the money for the seller and deliver the car to the buyer?

Last Answer : It doesn't do either. eBay facilitates the sale, but takes noactive part in it. The seller is responsible for giving clearpayment instructions, and the terms and methods of delivery.

can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Description : can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Last Answer : Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.

seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Description : seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Last Answer : (1) defence Explanation: It is known as defence, It is a type of resistance against danger, attack, or harm to business or holding. A seller or buyer resorts to defence as a means of protection.

Bilateral monopoly refers to the market situation of - (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Description : Bilateral monopoly refers to the market situation of - (1) two sellers, two buyers (2) one seller and two buyers (3) two sellers and one buyer (4) one seller and one buyer

Last Answer : (4) one seller and one buyer Explanation: In a bilateral monopoly there is both a monopoly (a single seller) and monopsony (a single buyer) in the same market. The one supplier tends to act ... buyer looks towards paying a price that is as low as possible. Since both parties have conflicting goals,

Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Description : Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Last Answer : (3) when there is only one buyer and one seller of a product Explanation: Bilateral monopoly is a market consisting of a single seller (monopolist) and a single buyer (monopsonist).For example, ... . The equilibrium in such a market cannot be determined by the traditional tools of demand and supply.

Monopoly means - (1) single buyer (2) many sellers (3) single seller (4) many buyers

Description : Monopoly means - (1) single buyer (2) many sellers (3) single seller (4) many buyers

Last Answer : (3) single seller Explanation: A Monopoly exists when a specific person or enterprise is the only supplier of a particular commodity, This contrasts with a monopsony which relates to a single entity ... lack of economic competition to produce the good or service and a lack of viable substitute goods

Market with one buyer and one seller 1. Monopoly 2. Bi monopoly 3. Bilateral Monopoly 4. All the above 5. None of these

Description : Market with one buyer and one seller 1. Monopoly 2. Bi monopoly 3. Bilateral Monopoly 4. All the above 5. None of these

Last Answer : Bilateral Monopoly

A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a ____(a single buyer). 1. Monopsony 2. Biopoly 3. Triple poly 4. multipoly 5. multisony

Description : A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a ____(a single buyer). 1. Monopsony 2. Biopoly 3. Triple poly 4. multipoly 5. multisony

Last Answer : Monopsony

Marketing channel refers to _________________ 1. A physical channel for movement of goods in them from the seller to the buyer 2. A set of firms who handle the physical movement of goods from one point to another 3. Different departments of the producer firm which are associated in ensuring delivery of goods to the buyer 4. A set of independent organizations involved in the process of making a product or service available for use or consumption 5. none of these

Description : Marketing channel refers to _________________ 1. A physical channel for movement of goods in them from the seller to the buyer 2. A set of firms who handle the physical movement of goods from one ... the process of making a product or service available for use or consumption 5. none of these

Last Answer : Different departments of the producer firm which are associated in ensuring delivery of goods to the buyer

Marketing implies "Meeting needs of __________ 1. of the cutomer only 2. of the needs of seller and buyer 3. of the needs of the customers profitability 4. all the above 5. none

Description : Marketing implies "Meeting needs of __________ 1. of the cutomer only 2. of the needs of seller and buyer 3. of the needs of the customers profitability 4. all the above 5. none

Last Answer : of the needs of the customers profitability

Market with one buyer and one seller is called A.Monopsony B.Monopoly C.Bilateral Monopoly D.None of the above

Description : Market with one buyer and one seller is called A.Monopsony B.Monopoly C.Bilateral Monopoly D.None of the above

Last Answer : C.Bilateral Monopoly

If elasticity of demand is perfectly inelastic, then burden of tax will be on (a) Buyer (b) Seller (c) on both (a) and (b) (d) More on seller

Description : If elasticity of demand is perfectly inelastic, then burden of tax will be on (a) Buyer (b) Seller (c) on both (a) and (b) (d) More on seller

Last Answer : (a) Buyer

Sales revenues are usually considered earned when a. cash is received from credit sales. b. an order is received. c. goods have been transferred from the seller to the buyer. d. adjusting entries are made.

Description : Sales revenues are usually considered earned when a. cash is received from credit sales. b. an order is received. c. goods have been transferred from the seller to the buyer. d. adjusting entries are made.

Last Answer : d. adjusting entries are made.

Bryan Company purchased merchandise from Cates Company with freight terms of FOB shipping point. The freight costs will be paid by the a. seller. b. buyer. c. transportation company. d. buyer and the seller.

Description : Bryan Company purchased merchandise from Cates Company with freight terms of FOB shipping point. The freight costs will be paid by the a. seller. b. buyer. c. transportation company. d. buyer and the seller.

Last Answer : b. buyer.

Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Description : Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Last Answer : b. in operating expenses for the seller.

Quoted shares are those shares which are A Listed on the stock exchange B Quoted daily C Quoted by the seller D Quoted by the buyer ANS: Listed on the stock exchange

Description : Quoted shares are those shares which are A Listed on the stock exchange B Quoted daily C Quoted by the seller D Quoted by the buyer

Last Answer : ANS: Listed on the stock exchange

_______________ doctrine places the responsibility of product safety on corporations A. Buyer beware B. Seller beware C. Seller take care D. Buyer and seller take care

Description : _______________ doctrine places the responsibility of product safety on corporations A. Buyer beware B. Seller beware C. Seller take care D. Buyer and seller take care

Last Answer : C. Seller take care

Caveat Emptor means A. Let the buyer beware B. Let the seller beware C. Let the government beware D. None of the above

Description : Caveat Emptor means A. Let the buyer beware B. Let the seller beware C. Let the government beware D. None of the above

Last Answer : A. Let the buyer beware

In case of ‘sale or return’ the buyer is deemed to have accepted the goods when: A. He does not intimate to the seller that he has rejected them B. He retains without intimating the seller that he has rejected them C. He rejects the goods but does not intimate the seller D. He pledges the goods

Description : In case of ‘sale or return’ the buyer is deemed to have accepted the goods when: A. He does not intimate to the seller that he has rejected them B. He retains without intimating the seller that he has rejected them C. He rejects the goods but does not intimate the seller D. He pledges the goods

Last Answer : A. He does not intimate to the seller that he has rejected them

In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None

Description : In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None

Last Answer : A. The seller

Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery

Description : Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery

Last Answer : A. Symbolic Delivery

Under which of the circumstances unpaid seller loses his right of lien A. By estoppel B. Where seller waived the right of lien C. Where the buyer or his agent lawfully obtains possession of the goods D. Any of the above

Description : Under which of the circumstances unpaid seller loses his right of lien A. By estoppel B. Where seller waived the right of lien C. Where the buyer or his agent lawfully obtains possession of the goods D. Any of the above

Last Answer : D. Any of the above

An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above

Description : An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above

Last Answer : C. Both goods and buyer

he unpaid seller has right of stoppage of goods in transit only where the buyer A. Become insolvent B. Refuses to pay price C. Acts fraudulently D. All of these

Description : he unpaid seller has right of stoppage of goods in transit only where the buyer A. Become insolvent B. Refuses to pay price C. Acts fraudulently D. All of these

Last Answer : A. Become insolvent

Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation

Description : Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation

Last Answer : A. Damages for non-delivery

The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. C. Buyer makes his purpose clear and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.

Description : The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. ... and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.

Last Answer : B. Seller knows the particular purpose of buyer.

In case of breach of condition, the buyer A. Has no remedy B. Can reject the goods. C. Cannot reject the goods. D. Can get the seller arrested

Description : In case of breach of condition, the buyer A. Has no remedy B. Can reject the goods. C. Cannot reject the goods. D. Can get the seller arrested

Last Answer : B. Can reject the goods.

The difference between an agent and a broker is that an agent A)is an intermediary, whereas a broker is not. B)represents the seller and a broker represents the buyer. C)determines who the consumers are, whereas the broker does not determine the customers. D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

Description : The difference between an agent and a broker is that an agent A)is an intermediary, whereas a broker is not. B)represents the seller and a broker represents the buyer. C)determines who the ... D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

Last Answer : D)usually represents people on a permanent basis, whereas a broker usually does so on a temporary basis.

The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Description : The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Last Answer : d)all of these

In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Description : In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Last Answer : c) tender of price by buyer

A …….. duty is to bring together the buyer and seller and make the sale happen. a. Broker’s b. Factor’s c. Commission agent’s d. Del credere agent’s

Description : A …….. duty is to bring together the buyer and seller and make the sale happen. a. Broker’s b. Factor’s c. Commission agent’s d. Del credere agent’s

Last Answer : a. Broker’s

What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left? a. B2B marketplace b. Intranet c. Reverse auction d. Internet

Description : What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left? a. B2B marketplace b. Intranet c. Reverse auction d. Internet

Last Answer : c. Reverse auction

A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Description : A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Last Answer : defence

Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Description : Bilateral monopoly situation is (1) when there are only two sellers of a product (2) when there are only two buyers of a product (3) when there is only one buyer and one seller of a product (4) when there are two buyers and two sellers of a product

Last Answer : when there is only one buyer and one seller of a product