Friday, 14 December 2018
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This Old House - Do-it-Yourself

Mr. and Mrs. Snyder have sold their home to Bingham on an agreement of sale. From a financing standpoint, the Snyder's relationship to Bingham is like a:

Written by Posted On Thursday, 06 December 2018 05:00

(A) Renter to tenant
(B) Beneficiary to trustor
(C) Lessor to lessee
(D) Grantor to trustee

 

Answer:  (B)  From a financing standpoint, the Snyders are extending credit to Bingham. A beneficiary provides credit to a trustor.

Read 299 times Last modified on Monday, 03 December 2018 20:56
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