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Question: 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 Monday, 20 January 2020 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 754 times Last modified on Tuesday, 21 January 2020 06:44
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