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Vickyhung Vickyhung
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Posts: 558
Rep: 1 0
6 years ago
The parts of a legal memorandum do not include
 
  a. a heading
  b. a statement of the facts
  c. questions presented
  d. all the above are parts of a legal memorandum

Q. 2

Often attractive to first-time home buyers, this type of mortgage has an initial low payment that, over the years, increases with the expectation that the buyer's income will increase correspondingly:
 
  A. Adjustable rate mortgage
   B. Fixed rate mortgage
   C. Balloon mortgage
   D. Graduated payment mortgage

Q. 3

The creation of the first co-op is attributed to Donald Trump.
 
  A. True
   B. False

Q. 4

Robert is purchasing a home from Mrs. McFee. Mrs. McFee is financing the transaction herself and providing the mortgage to Robert. What type of mortgage is characterized by the transaction?
 
  A. Reverse mortgage
   B. Assumed mortgage
   C. Purchase money mortgage
   D. Common law mortgage

Q. 5

Federal law promotes accuracy, fairness and privacy of information in the files of consumer credit reporting agencies. The source of this law is:
 
  A. Equal Credit Reporting Act
   B. Fair Credit Reporting Act
   C. Truth in Lending Act
   D. Equal Credit Opportunity Act

Q. 6

Condominium owners own a percentage of the common areas.
 
  A. True
   B. False
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Replies
wrote...
6 years ago
(Answer to #1)  d

(Answer to #2)  D

(Answer to #3)  B

(Answer to #4)  C

(Answer to #5)  B

(Answer to #6)  A
Vickyhung Author
wrote...
6 years ago
Amazing, correctly answered
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