True/False
A due-on-sale clause is a loan contract provision that prohibits a seller from assigning a loan arrangement to the buyer and instead, the buyer is required to finance the remaining loan balance at prevailing interest rates .
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: The hidden market of companies (those companies
Q36: If the corporation,rather than the business seller,signs
Q49: Which of the following statements concerning financing
Q69: Owners who do not want to sell
Q70: Business valuations based on balance sheet methods
Q71: The best method for determining a business's
Q75: Which of the following statements about valuing
Q76: Mitchell Schlimer, founder of the Let's Talk
Q86: Ralph buys a software business from Waldo
Q112: If a business has a lien against