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What is the purpose and significance of a non-recourse clause in real estate transactions?
A non-recourse clause in real estate transactions limits the lender's ability to pursue the borrower for additional payment if the property's value decreases. This clause is significant because it helps protect the borrower from personal liability in case of default, providing a level of financial security.
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What clause is said to be the heart of the policy containing the company's promise to pay?
Insuting Clause
What is scorpion clause in Letter of Credit?
Scorpion Clause in L/C a clause which renders it impossible for the beneficiary, or seller, to fulfill the conditions of the letter separately and independently of the purchaser.
What is the mortgage clause for jp Morgan chase bank?
The mortgage clause for JP Chase Bank offers mortgage name and address listed as loss payee under the mortgagee clause.
What is a negative pledge clause?
A negative pledge clause is a type of covenants clause that companies issuing bonds may have to adhere to in their indenture. Specifically it restricts how much debt can rank ahead of this debt. It is another way to protect bondholders.
Type the noun clause in this sentence. Mrs. Smith will loan whoever needs it money for lunch.?
The noun clause in the sentence is "whoever needs it." This clause acts as the object of the verb "loan," indicating the person who will receive the money for lunch.
What is a grandfather clause and What is its purpose in literacy tests?
What is a grandfather clause, and what was its purpose
What is a grandfather clause and what was it purpose in literacy tests?
What is a grandfather clause, and what was its purpose
What is the purpose and significance of an enurement clause in a contract?
An enurement clause in a contract ensures that the rights and obligations outlined in the contract are binding not only on the parties involved, but also on their successors or assigns. This clause is significant because it helps to maintain the enforceability of the contract even if there are changes in ownership or control of the parties.
What section of a statute usually comes last?
The purpose clause
The purpose of the speech or debate clause can be compared with?
the ability of both houses
What is the purpose and significance of a simple indemnity clause in a contract?
An indemnity clause in a contract serves to protect one party from financial loss or liability that may arise from the actions or negligence of the other party. It is significant because it helps allocate risk and responsibility between the parties involved in the contract, providing clarity and protection in case of disputes or legal issues.
What type of conjunction is in order that?
"In order that" is a subordinating conjunction that is used to show purpose or intention. It introduces a subordinate clause indicating the reason for the action in the main clause.
What is the Primary purpose of supremacy clause?
(Ensure that federal law always supersedes state law.)
What is the meaning of adverb of purpose?
Adverbs are a part of speech describing a verb, clause, or sentences. Adverbs of purpose describe why something happened. The word because is a very common adverb of purpose.
In which sentence does the underlined adverb clause modify an infinitive?
The underlined adverb clause modifies an infinitive in the sentence: "She arrived early to win the race." In this sentence, "to win the race" is the infinitive phrase, and the adverb clause "early" modifies the purpose or reason for her arrival.
What is the central purpose of the equal protection clause?
The Central Purpose of the Equal Protection Clause (amendment 14) is to protect all rights given by the Bill of rights. For example the Equal Porotection Clause was made right after Civil war in which the 13th amendment freed slaves. So this clause was made that so these free slaves can have equal protection under the law. Though I personally feel that it took time for this to actually happen and I still feel today that this amendment has not been accomplished yet. But this is the central purpose for the Equal protection Clause.
What is the purpose of a primary examination?
The purpose of "primary examination" is to afford the plaintiff or the state an opportunity to develop its case-in-chief. This is an outgrowth of the Amendment VI Confrontation Clause.
