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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

The net proceeds and lawful later payment together satisfy the entire proved recoverable balance after foreclosure. The creditor nevertheless demands the previously calculated shortfall without accounting for that later payment. No separate charge remains. Which is correct?

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Payment after foreclosure is legally irrelevant The borrower must pay the same shortfall again The creditor’s first calculation conclusively fixes debt forever The later payment must be credited and no remaining deficiency is shown

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