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    Real Estate Principles
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    Exam 8: Mortgage and Note
  5. Question
    The Phrase "Jointly and Severally Liable" in a Note or Bond
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The Phrase "Jointly and Severally Liable" in a Note or Bond

Question 26

Question 26

Multiple Choice

The phrase "jointly and severally liable" in a note or bond applies when there are two or more


A) makers.
B) obligees.
C) trustees.
D) holders.

Correct Answer:

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