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    Fundamental Accounting Principles Study Set 1
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    Exam 14: Long-Term Liabilities
  5. Question
    Mortgage Contracts Grant the Lender the Right to Be Paid
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Mortgage Contracts Grant the Lender the Right to Be Paid

Question 13

Question 13

True/False

Mortgage contracts grant the lender the right to be paid from the cash proceeds of the sale of a borrower's assets identified in the mortgage if the borrower fails to make the required payments.

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