Final exam Law and Practice Van ED Q&A Latest Update
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VanEd
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VanEd
Final exam Law and Practice Van ED Q&A Latest Update
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| Uploaded on: | May 13, 2025 |
| Last updated: | May 13, 2025 |
| Number of pages: | 28 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Final exam Law and Practice Van ED Q&A Latest Update |
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Final exam Law and Practice Van ED | Q&A Latest 2025/2026 | 100% PASS A loan whose payments do not fully liquidate the loan and thus requires a large final payment, is known as 1. Partially amortized loan 2. Term loan 3. Growing equity mortgage 4. Graduated payment mortgage - Answer -1. Partially amortized loan Repays partially, the part of the loan that hasn't been repaid yet is called a balloon payment Graduated/Growing - accelerate repayment of their fixed-rate mortgage by scheduling additional principal payments that increase over time Real property is donated for public use by means of? 1. Condemnation 2. Eminent domain 3. Dedication 4. Escheat - Answer -3. Dedication
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