Amy sells property to Bob subject to an installment note providing Unless sooner discharged, upon Amy's death,
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Question:
Amy sells property to Bob subject to an installment note providing "Unless sooner discharged, upon Amy's death, all amounts due under this note shall be deemed to be extinguished and treated as paid." This note is an example of:
a) A windfall for Bob.
b) Private annuity.
c) Standard installment note.
d) SCIN.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: