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    Essentials of Entrepreneurship Study Set 2
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    Exam 7: Buying an Existing Business
  5. Question
    A Due-On-Sale Clause in a Loan Contract Prohibits the Buyer
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A Due-On-Sale Clause in a Loan Contract Prohibits the Buyer

Question 107

Question 107

True/False

A due-on-sale clause in a loan contract prohibits the buyer of a business from assuming a seller's loan even though it may carry a lower interest rate.

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