Question: QUESTION 6 Foreclosure occurs when the property that serves as collateral for the promise to pay back the loan is taken back by the bank

QUESTION 6 Foreclosure occurs when the property

QUESTION 6 Foreclosure occurs when the property that serves as collateral for the promise to pay back the loan is taken back by the bank because the homeowner did not pay his mortgage payments. True False QUESTION 7 The term of a loan is how much money a borrower needs to pay back to the bank as a fee for borrowing the money. True O False QUESTION 8 A fixed rate loan charges the same interest rate throughout the term of the loan. True O False QUESTION 9 Constructive eviction occurs when the landlord fails to perform duties under the lease, making the tenant's use of premises difficult or impossible True O False QUESTION 10 A sublease does not require the landlord's consent and will release the original tenant from the obligation to pay rent if the new tenant defaults and does not pay rent. True False

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