What is the name of the clause that permits the lender to declare the entire unpaid balance immediately due and payable upon default? O The defeasance clause O The acceleration clause O The alienation clause • The lis pedens

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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What is the name of the clause that permits the
lender to declare the entire unpaid balance
immediately due and payable upon default?
O The defeasance clause
O The acceleration clause
O The alienation clause
• The lis pedens
Transcribed Image Text:What is the name of the clause that permits the lender to declare the entire unpaid balance immediately due and payable upon default? O The defeasance clause O The acceleration clause O The alienation clause • The lis pedens
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