Something of legally sufficient value may consist of the performance of an action that one is otherwise not to undertake. Something of legally sufficient value may consist of from an action that one has a legal right to undertake, which is called a "forbearance".

(a) - True

(b) - False

Question

Katie

Social Studies

29 April, 02:32

Something of legally sufficient value may consist of the performance of an action that one is otherwise not to undertake. Something of legally sufficient value may consist of from an action that one has a legal right to undertake, which is called a "forbearance".

(a) - True

(b) - False

+1

Answers (1)

Know the Answer?

Markus Wu · Answer 1

Answer: False

Explanation:

In context of the mortgage process, a forbearance is referred to as a special agreement or contract between the borrower and the lender done in order to delay a possible foreclosure. The true or literal meaning of a forbearance is known as holding back. When a mortgage borrower tends to be unable in order to meet the repayment time or terms, the lenders might opt to have a foreclose.

Something of legally sufficient value may consist of the performance of an action that one is otherwise not to undertake. Something of legally sufficient value may consist of from an action that one has a legal right to undertake, which is called a "forbearance".(a) - True(b) - False

Something of legally sufficient value may consist of the performance of an action that one is otherwise not to undertake. Something of legally sufficient value may consist of from an action that one has a legal right to undertake, which is called a "forbearance".

(a) - True

(b) - False