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Match each situation with the contracts or documents that the individuals will sign.

Match each situation with the contracts or documents that the individuals will sign-example-1

2 Answers

4 votes

Bob - Mortgage agreement

Libby- Passport

Joseph - Title

Debby- Will

User Nemin
by
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2 votes

Answer:

Title: Joseph purchases a vehicle and retains the document until he sells the vehicle.

Will: Debby has signed a personal document and has left it with her attorney. In the document, she lists her wishes for her estate on her death.

Mortgage agreement: Bob borrows money from a bank to buy a property and retains the document until he has paid off the loan completely.

Passport: Libby shows this document to prove her identity while she travels abroad.

Step-by-step explanation:

The documents were matched to each situation according to their meanings:

-Title is a document that indicates the ownership of an asset.

-Will is a document in which a person indicates how his/her properties should be distributed after his/her death.

-Mortgage agreement is a contract someone has with a financial institution in which the property is a guarantee for the payment of the loan and the lender can take the property if the loan is not paid.

-Passport is a document issued by the government that proves the identity of a person and it is used when traveling abroad.

User Rubenhak
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