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Question
An arrangement where an owner of real property borrows money from a lender and pledges the real property as collateral to secure the repayment of the loan is known as ________.
A) consignment
B) foreclosure
C) mortgage
D) assignment
Answer
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Related questions
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Stare decisis is the doctrine of ________.
A) providing proof to assert a fact in court
B) adhering to legal precedent
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A) the insistence for a court system that emphasized legal procedure rather than the merits of a case
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Which of the following statements best indicates how chancery courts were different from law courts?
A) Chancery courts emphasized developing merchant laws rather than laws for the common citizen.
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What was the key reason for the creation of law courts during the early development of the English common law?
A) to administer law in a uniform manner
B) to help merchants form a standardized set of commercial laws
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What was the key factor in the development of the English common law?
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Statutes are written laws that establish certain courses of conduct that covered parties can use as a form of guidance.
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Treaties are considered to be a part of the supreme law of the United States of America.
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Federal statutes take precedence over treaties.
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The merchant courts were established because of the unfair results and limited remedies available in the chancery courts.
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________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.
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