Business Law & Practice Crib Sheet

Which of the following loans is also known as a gap loan? {Ans: Bridge Loan}_________________ all kinds of personal property which are not tangible {Ans: Intangibles}__________________ may be collected when unauthorized copying, sale, display, or performance of a copyright protected work. {Ans: Infringement}A __________ refers to the legal ownership and right to use a piece of property. {Ans: Title}__________ is a loan designed for families in rural areas. No down payment, requires debt load can not exceed the home buyer's income by more than 41 percent. {Ans: USDA Loan}Which of the following types of loan is suitable for homeowners who plan to move and sell their home before their fixed-rate period is up? {Ans: Adjustable-Rate Loan}A ______________________ protects the expression of creative work, such as the work of an author, artist, or composer. {Ans: Copyright}Which of the following is an example of chattel? {Ans: Desk}Which of the following types of trust allows the grantor to retain the power to change or revoke the trust? {Ans: Living Trust}________________________ is all property which is considered movable {Ans: Personal Property}_______________________ is a loan which requires a low down payment. Is the best fit