CHAPTER 20 QUIZ 21 TO 25
21. Graduated payment mortgages may require payment of interest on accumulated, unpaid interest.
True False
22. A shared appreciation mortgage usually has an interest rate below current market rates.
True False
23. No one in a limited partnership arrangement has unlimited liability.
True False
24. Under an equity participation arrangement, the lender not only provides the borrowed capital, but part of
the equity ownership funds as well.
True False
25. In a blind pool arrangement, funds are provided to the general partner to select properties for
investment.
True False