question 1 1 pts a promissory note that provides for payment of interest only during the term of the note…

question 1 1 pts a promissory note that provides for payment of interest only during the term of the note would be: an amortized note an installment note a straight note a non - negotiable note question 2 1 pts a contract of sale passes: an estate for years only an equitable title the legal title the full fee simple title to the purchaser

question 1 1 pts a promissory note that provides for payment of interest only during the term of the note would be: an amortized note an installment note a straight note a non - negotiable note question 2 1 pts a contract of sale passes: an estate for years only an equitable title the legal title the full fee simple title to the purchaser

Answer

Brief Explanations:

For Question 1: A straight - note is a promissory note where only interest is paid during the note's term, and the principal is paid in full at maturity. For Question 2: A contract of sale passes the legal title from the seller to the buyer.

Answer:

Question 1: C. A straight note Question 2: C. The legal title