Vigo has agreed to buy a house and he is about to sign a mortgage contract with the Bank of Sanguis.Which of the following should Vigo not expect to see?
A) A term stating that if Vigo misses a single payment, he must immediately repay the full amount of the loan.
B) A term, called a bonus, that entitles to Vigo skip the final instalment on the loan if he repays the other instalments early.
C) A term indicating that the bank is entitled to receive money to pay taxes.
D) A term requiring fire insurance on the property.
E) A term prohibiting Vigo from cutting down the trees on the property.
Correct Answer:
Verified
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